Member Info for BillTucker89

Hopefully this should fly to £1.2 today. However i'm a long term holder and my average is £3, so still along way to get my money back, but will get there. Must admit was very tempted to average down at 58p, but did not want to risk it given in the uncertainity as i've already got 50k in here. Should i start averaging down over the next 6 months ir so? I might throe about 5k here this morning and gope for 1.5

Lol Neophy not forgetting Punch Taverns too

All the derampers that were saying shareholders will be wiped? It's funny how they ate no where to be seen, when it's clear they have been bullshitting but claim they are experts and have built themself a fortune. Met84 et al close your shorts at the earliest oppurtunity...

It's a better deal than total failure or the 95% deal that most people here predicted. With regards to paying it back, they shpuld have insurance recoveries by then and ffg would have achieved it's £50m savings...

Yes that's correct, i can confirm it was in response to a question on debt reduction....

No worries Fate. However am i correct in thinking no equity raise at this time, does not unnecessarily rule out d4e?

I can concur with nap, his comments are spot on that is exactly what was said. Also i was surprised to hear 65% of SHs are retail investors.

KingArthur- An RNS is more likely to come first as otherwise the share can be open to insider trading. However they may nit share any information on the financing when meeting with employees...

Fate-I have a strong feeling there might be some sort of announcement tommorow, hence the employee visits. Good luck all

Have they bought more??

https://www.fool.co.uk/investing/2018/03/19/interserve-plc-isnt-the-only-stock-id-sell-today/

The meetings are with staff across all divisions, not just RMD. They are most probably going to be general business updates, rather than any strategic or finance deal being discussed.

Johny- some strong and valid points, except i would disagree on the comparison with Marconi. As i said in my post below, Marconi had debts of 2.3bn with a market cap of 85m which is 25× it's equity. Interserve on the other hand have a market cap of around 115m and a debt of 513m which is just four and a half times over. Therefore I don't see that a strong comparison. That said I understand this is high risk and as my average is quite high, just need to see where this goes. There are some large institutional holders who will surely have a say on what happens?

Have closed 0.54% since Thursday which is encouraging. Looks like they were taking advantage of the "cooling off price" MW hold just over 1%, and squarepoints are back where they are. Still a risky share. Good luck all

Scooty i'm also pretty cautious, as bandit described perfectly tgis one seems to be going in all directions. Normally there might be some signals but this one is a total bliss. If emerald do go D4E i hope its 50% max. Good luck all....

Morning folks, as we get near to final hour, what are people's predictions on the likely outcome? What are the chances of a heavy dilution or wipeout?

I agree Edofire though they do sometines have an advantage with insude info. Good luck all for Monday....

Adenjo- i think don't need to worry so much about the banktruptcy, as this is very very unlikely to happen here. What we do need to be concerned about however, is the refinancing terms as they if the 'white knight' decides to take say 90% of the company to wipe his debt then we are well and truly f*****. As he only holds a 3rd of the debt I don't see the other lenders allowing this, unless he convinces others jump on the bandwagon, or he takes a lesser stake. I know people are comparing this to Punch Taverns where Mcintosh was a founder and all shareholders were wiped in a D4E, but they seem to forget PT had a debt of £2.3bn against a market cap of £85m which is more than 20x over, hardly a comparison. Though i must admit the shorters loading up did have me slightly nervous.

Neophy the savings will be 50m by 2020 so 15m a year, not 50m a year

Good points ScarredBack and you might be right. However why would a big players such as GS and JP morgan be building a higher stake if a total wipeout was likely? These people know alot more about the situation then you and I, and if anything we should be see the funds and institution teducing their stake roundabout now, just like we saw in Carillion just few weeks before the liquidation. Now i'm not suggesting shareholders will be ok, this is just my opinion of course, but I'm a ling term holder as i bought way before the crash, so will see it to the end.