Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
which ebitda are they using, pre-ifrs16 has not moved much. agree 2020 will be interesting.
disappointing 2019 Hovis results
https://beta.companieshouse.gov.uk/company/08846818/filing-history
The firms are among about six parties that have lodged indicative bids for the company, according to the report.
https://www.bloombergquint.com/markets/private-equity-suitors-eye-up-britain-s-beloved-bread-brand-sky
see what comes of this.
if bids only £100m, premier should buy the 51% themselves with the profits from lockdown, but suspect the offers will be much higher
https://news.sky.com/story/funds-and-food-groups-eye-chance-to-make-dough-from-hovis-12070922
hopefully not serious
https://www.mirror.co.uk/news/uk-news/six-workers-mr-kipling-bakery-22597091
"Our public health team has been impressed with the measures introduced by Premier Foods, both before and since this issue. It is actually thanks to their processes that this issue came to light so quickly.
"We have been able to see that these infections did not take place in the factory itself, but in the community."
a simple question : does the net debt/cash position include the future liabilities, 2 big ones being deferred VAT due in march 2021 and 2xQuarterly rent payments
If these are not, then what is the net debt/cash position after these
if they leave it to the point of no more money left then this will be super emergency leaving IAG at the mercy of the markets and nowhere to hide
To all British airways bulls, what will be the effect on the share price of a possible £2.5B emergency rights issue be on the share price and the number of shares in issue. Can't this ever getting back to £6 a share if the number of shares is 2 or three times the current total.
https://www.telegraph.co.uk/business/2020/07/24/british-airways-owner-gears-25bn-emergency-funding/
they will not share the info about with us small time plebs
The 16 million shares traded were TNCP trades according to London Stock exchange.
apparently 'TNCP' means "Non Price Contribution to Discovery" and 'SINT' is a SI trade when SI is defined as an "investment firm which, on an organised, frequent, systematic and substantial basis, deals on its own account by executing client orders outside [a trading venue]." According to 1onic in layman's terms, it's any firm that matches and fills a significant number of client orders internally.
pension: combined gross defict : 603m
pre rights issue numbers : end of dec 2013
https://www.premierfoods.co.uk/CorporateSite/media/documents/investors/results/2013/PremierFoods-2013-PreliminaryResults-Presentation.pdf
sales : 850m
Trading profit : 139m
ebitda : 156m
debt : 831m
the share price peaked at around 180p before the 8 for 5 rights issue at 50p. 180p post rights issue is £1. (180*5 +8*50)/13
Once this level is passed, then the skys the limit i.e. clear blue sky and no looking back
say the current cash is £30m. what bills have they not paid, do we know ?
looks like rent of £20m per quarter may be deferred, so actual cash is likely to be negative
i would say a good chance the daily large share price falls is pricing in a rights issue
people keep mentioning cash, when was this cash position effective date. Has it retained itself through the lockdown.
Why is the company saying they are looking at funding if cash is so high.
2022 bonds - slight typo
definitely the elephant in the room.
the 2020 bonds are going at 88p in the pound. bond market will not be kind to AA's request for new bonds, so will need to raise the money using alternative methods s such as equity issues
https://www.boerse-berlin.com/index.php/Bonds?isin=XS1211308231
Five times Tesco battled with brands - full history
https://www.campaignlive.co.uk/article/five-times-tesco-battled-brands/1412111
this will to be a popular board soon, people will be showing an interest in gold
Remember you were warned by me recently