Member Info for BillTucker89

Very unlikely RMD will be given away though that would be good for shareholders. Construction may be split from the business as wells as d4e which is another kick in the teeth.

https://www.thisismoney.co.uk/money/news/article-6499865/Interserves-vast-savings-debt-plan.html

PandP- yes they havehence I asked. Look at Tesco when they overstated the profits, they had to pay investors compensation.

I bought about 10000 shares back then during the period under investigation, and stupidly averaged down subsequently

Danielf- what do you think will happen to SHs that bought some shares on the back of misleading EFW statements?

Is FCA likely to award compensation?

Faileb- yes indeed. Part of me wants to sell and just move on tather than put up with these reports wvery weekend but my shaes are worth very little compared to what i paid for them. Just gutted about not listenting to some on here and bailing out at 50-70, could have recuoped my losses in the last mi th with the bounces.

https://moneyweek.com/499384/interserve-dishes-up-a-mess/

Just went you think the press have enough, you find another pile of shite. Let us enjoy our weekends in piece at least.

Also not forgetting those who would have received shares as long terms incentives.

Even if they do make £200m disposals given they will be completed after the refinancing, will the vultures not take the proceeds anyway?

HereHopin- people who have already exercised their rights and bought their shares can’t. Also why would someone buy shares now considering it’s all doom and gloom on face value.

KingArthur- what are these figures based on?

To add BrightSphere have reduced again, but I’m not holding much hope since they have already told us we will be significantly diluted. I should have sold in the 70s, could have recouped most of my losses in the last month.

Fate- it looks that way clearly the “the source close to the lenders” says it all, the lenders have been leaking. Like I said in a previous post they deliberately did not take a d4e in March, due to too many unknowns (e.g EFW)and have let the shareholders take the brunt of the write downs, but now most of that is out the way this is an attractive business. However we haven’t seen an RNS starting the like if Emerald, unless they are purchasing them as private investors.

Not sure how much pressure SL can apply but didn’t Coltrane and Farringdon own 35% between them, which is what Debbie said when the refinancing went through? Neither have decreased their positions or have they? How much do you the lenders will take, and when are these sales likely to be announced?

Employees are already pissed off who invested in the schemes through the years.

Fate- thanks,disappointed to here that as if they bothered to do this earlier, the current situation could have been avoided. That is 10% of the total debt that could have been wiped off. Looks s like the lenders will be the winners on this one clearly.

Make you wonder how the timing of these disposals and all insurance coincides with a d4e, so the lenders are pocketing everything, so looks like it was staged from the outset.

Fate- any idea what the disposal in the middle east is worth?

Bounty hunter- sorry to hear about yohr losses. Like yourself I've also been caught by the likes of carillion and IRV which have wiped away profits and substantial savings of mine to amounr similar to hours. However i suppose it makes you a stronger and wiser investor in the future, but more cautious at the same time. I was very tempted to stick 10k in this morning, which would have got me 9k back, but was too nervous abd chickened out. I'm still holding in IRV at the minute, but may sell if we get a spike and buy back in after the finanxing as i believe the share price will be to similar levels to now, but with more stability and no phony tricks.

Investors55- probably the debt holders do they can use their voting rights to vote in favour of the deal

Have any of the longs sold out? I’m still holding for a better price if anything as I would not get much at the current price. Carillion hit 24p briefly before it went bust, so we might see the same here considering we won’t see the new plan until the end of q1 2019

Meta- yes makes you wonder who is actually posting and their motives. They seriously have no idea. I’ve said all along this was on the cards despite being invested.

Totally disgusting what has happened here. I’m invested here but have been open with my views from the start suggesting this was on the cards. However certain tampers thought otherwise who unsurprisingly have not posted on here all weekend. You do wonder what their motives were, and who is indeed posting?

Does not make good reading

Interserve lenders seek to wrest back control

The understands that Interserve’s lenders have lost faith in the troubled company’s management since its first round of rescue talks earlier this year.

Banks including RBS, HSBC and BNP Paribas, together with Emerald Asset Management and Davidson Kempner Capital, will attempt to force a fresh debt deal on the company that would hand control to the lender group.

A fresh restructuring is expected to include a debt for equity swap set to deliver heavy losses for its institutional investors and all but wipe out value for public shareholders.

hh- agree it’s mainly been PIs, my comment was more geared towards the institutions that have upped their stake in recent days, you would have thought they’ve done some research before buying. Again I agree about the RNS not mentioning shareholder value, which was one of the points I raised on here after the RNS, but then did mention it is Working with all stake holders on delevraging plan, so you would have thought some of the big boys would be selling out by now. I am seriously considering selling thought will loose 65k in the process. Its been one lie after another with this company.

According to this article looks like we will be toast soon, but I’m not sure if it should taken at face value. I know there other things happening in the background such as recapitalising a part of the business, but not sure what that would mean for shareholders??