Member Info for backscratcher

Say a little prayer for me lol

currently at £1.46 on tsx, lets hope for it to stay there and above for rest of day

Looks like they have it under control The new impairments mean that the firm would have breached banking covenants if its lenders had not deferred measurement of its covenants.

http://www.irishtimes.com/newspaper/finance/2009/0901/1224253589340.html The new impairments mean that the firm would have breached banking covenants if its lenders had not deferred measurement of its covenants. The firm is in discussions with Royal Bank of Scotland and Halifax Bank of Scotland to extend maturity of its UK debt to to 2011 from 2010. It is also in talks with Bank of Ireland, Anglo Irish Bank and IIB Bank to revise covenants and debt structures.

http://www.advfn.com/p.php?pid=nmona&cb=1251957733&article=39306806&symbol=L%5EGFRD

Hard to call mate. Think any housebuilder that has gotten through the recession this far should be ok. The management seem confident that they will be ok regarding the lenders. I have a friend who knows a bit about them and he doesn't seem to concerned about the results

http://www.advfn.com/p.php?pid=nmona&cb=1251871519&article=39288479&symbol=L%5EGFRD

Stood up well today considering

I wonder if things don't improve much in Ireland, then they may try to off-load the UK side of the business. I know the UK are keeping things going at the moment but MCI have a long history in Ireland and wouldn't want to put that at risk. Selling the Uk side of the business may be their only option to keep them going!

Stay away would be the best bit of advice i could give to you

The UK are doing ok, nothing above expectations, but ok. Sales are coming in steadily and most sites are operational, although certainly not booming. I hear they have plenty of RSLwork in the pipeline, but still have work to do before they can secure this. Like i've stated Ireland is the concern, and agree with you that it will take them longer to recover than the UK

Agree not good, but didn't really expect any different. Ireland really needs to get going again for any significant improvement

http://www.mcinerneyholdings.eu/rubylith/files/annual_reports/Interim_Report_2009.pdf

finished around £1.63 on tsx hopefully they will have good rise monday, to give us a good opening on tuesday

You got that song running around your mind by any chance!!!!

I meant good LUCK not look lol

Not holding at the moment. You got to decide whether to sell or not, like i said earlier i cant see why the big rise, but lots more volume today so maybe someone knows something. Says results out monday, although someone told me out tomorrow, will make interesting reading and at least if it is monday then you will get an opportunity to divulge info' before trading on tuesday. Whatever you decide i wish you look in this

You still in here? I cant find any info' why the price has risen the way it has the last couple of days. Like i said earlier their was a board meeting/conference yesterday, so something positive must of come out of it. They may re-write land values but still can't see this making a lot of difference to results. What i hear is the UK side of things are keeping Ireland going. Resaults will be interesting

Apparently their was a board meeting in Ireland yesterday with a presentation so must of went down well

Something going on here? I know interim results out Monday but can't see them being anything but bad. Any news anyone?