GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Lots of after hours trades showing.
I'm expecting them to be shorts closing further imo.
We will find out after trading on Monday.
Currently showing 1.70% way down from recent high of over 4.5%.
Not long now for dividend date.
Mary, BT, Down... Give it a rest
We know your game.
Please don't feel the need to reiterate your stance every few mins lol :)
Are you serious? :)
Seems like the shackles are off now. Looks the the outcome of the new terms was holding this back.
All imho
Posted on advfn:
" IG revises down bank facilities, in a nut shell they don't think they'll need as much bank help as first predicted, got to be positive news IMO. IG Design Group plc Bank Amendment & Extension June 02, 2022 02:00 AM Eastern Daylight Time LONDON--(BUSINESS WIRE)--IG Design Group plc ('Design Group' or the 'Company') is pleased to announce that the Company has extended the term of its existing banking agreement to 31 March 2024. The agreement was signed after market close on 1 June 2022. “We are very pleased to have agreed this extension to our facilities and to have the ongoing support of our banking partners. Our seasonal orderbook remains strong and this revised facility provides us with sufficient funding for our working capital requirements.” As part of this extension, covenants have been revised for the period to 31 March 2023 and the facility size has been amended as follows: RCF A has reduced from $95 million to $90 million RCF B has reduced from a maximum level of £130 million to a maximum of £92 million The Directors believe these amendments continue to give the Group more than sufficient headroom to fund its seasonal working capital requirements over the remaining term of the banking agreement. There are no other changes to the banking facility limits. The revised covenants, which operate for a maximum period to 31 March 2023 are as follows: Minimum EBITDA performance, measured quarterly at the end of June, September, December and March, which requires the Group to be within $10 million of its EBITDA budget at each quarter end, based on the last twelve-month EBITDA performance at each measurement point Minimum liquidity level, which requires the Group to maintain a minimum of $35 million of headroom to the maximum available facility on a monthly basis From April 2023 the Group will revert to the previous covenants, as detailed in the Group’s 2021 Annual Accounts, being EBITDA leverage and interest cover. The amendment also stipulates that any dividends to be paid by the Group during the remaining term of the agreement will require majority lender approval. Furthermore, the bank lending margin has increased to 250 bps, rising to 300 bps from 1 June 2023. Banking and legal fees associated with the amendment and extension of the facility totalled c.$1 million. Stewart Gilliland, Chair, commented: "We are very pleased to have agreed this extension to our facilities and to have the ongoing support of our banking partners. Our seasonal orderbook remains strong and this revised facility provides us with sufficient funding for our working capital requirements.""
Seems like seller is done and sp on way back up imo
For a company that turns over one billion pound this valuation is absolutely crazy imo