Member Info for bountyhunter007

in hindsight revised stage 2 funding looks poorly conceived......i dont know why they left $500M to be raised through bonds....they could have done equity raise at that point and i am sure PIs must have supported it...i never though it could go that wrong as always believed as last resort govt would back $500M bond as it's a small sum relative to what has been invested so far and $2.5 RCF made available by JP Morgan.

I could be wrong but I really struggle to see downside from here....The Company has raised billions so far and there is already agreed $2.5B facility subject to us sorting out remaining $500M......If govt was ready to provide security for £2B ...I see no reason why they can't do the same for $500M as worst case scenario.....I feel we should have good run for next 3-6 months....GLAH

Is there any chance to raise required £500M through new shares...….that's d impression I m getting now and that's what share price suggests post withdrawal of bonds offering...….I get the impression it wouldn't be that bad idea considering where the SP is today, and high interest rate for any new bonds....

what an empty feeling after today's SP fall......after investing for 10 years and losing in the range of £60-70k over d period through various tools (shares & CFDs) now i understand why do they suggest invest through professionals.......looking at my pension fund which has undergone several peaks and troughs during those 10 yrs but still has provided positive return...whereas self investment has led to total destruction......

apologies for posting on this board something which is not related to this shares but i thought i might get quicker answer owning to high traffic on this BB......after today's fall of SXX SP I was nursing a loss of £3000, then suddenly i decided to check on my other holding which is with SVS securities....after multiple attempts i was unable to log into my account and after some google search i can conclude they have already / about to be shut down due to bankruptcy....this is really heart braking for me as my holdings held up there is i really can't afford to lose and require in next 3-6......can anybody pls let me know if my funds and holdings are secured and if so how could i get it back and what is expected timeline...its really a dreadful morning as i am looking at approx £10k losses....

not happening is major problem for this share.....they have been delaying it for one reason or another for a long time now.....without their money we need to raise capital from time to time to meet operational expenses.....certainly can't be much worse from here but then this has completely wiped out old investors...so unless u plan to make a new investment u r not likely to recover losses.......it has been a dreadful experience for investors.....

means now we can issue new shares below 1.7P, anything down to 0.1P.....certainly not a good news but necessary to provide some flexibility in capital raise......it has been a long tortuous journey, specially for original company's shareholders (Noventa)..they have literally been completely wiped out when they had opportunity to make good return on their investment by selling to Centamin....

With latest RNS.. I was under the impression that we have abandoned international financing long before and all the money was supposed to come from local banking syndicate... What's this Luxembourg business now?

after today's debacle...life is much beyond share trading...and we should all learn some useful lessons from where we are today.....i am nursing losses around £90k over last five years and a part of it on credit which i still have to pay...i ended up repeating the same mistakes over and over with different companies (Afren, POC, Lonmin, IRV etc...) where debt was much higher than market cap, and when that happens any sensible person should know what will be the end game....Today it looks in case of interserve we all holders were literally blinded by greed (or unwavering optimist which i think is the problem with ppl those who are inherently brave in life and i certainly think one of them..it work well in real life but works against you in market)...i know feel that it's a very good trait to be fearful or even cynical for even a small issues faced by the company in which one wants to be a shareholder.....all interserve peers who were in much better position had to undertake severe recapitalisation excercise through heavily discounted shares but for some reason IRV holders believed we can hold it for longer which looks pure stupidity today.....setiments play a large part in our investment decisions...and due to that i would think that PIs will not participate in recapitalisation (incl. myself), but purely from business point of view i think that will be the exact time when one should invest as by that time EfW projects liabilities will be clear....post recapitalisation IRV will be a healthy business generating decent profit and will be a good holding for long term.....unfortunately i dont have any further appetite left to deal with IRV....will try to rebuild with small investment (£3-5k) from AIM as that's where i started and at one point running a profit of £150k...GLAH & try to stay positive

Means different to different people... Not sure what will be the ope price tomorrow 1p 2p....no idea... We holders are doomed....

Does anyone else think we should get a pre-opening rns on Monday? Going by the history BOD should respond to the news....

It seems its over for equity holders going by the news in media. Silly me got sucked in once again during Tuesdays rise after bailing out earlier. I have a very bad habit of trying to recover losses from the same stock when the common sense says otherwise. No one to blame really as writing was on the wall since long, its just we ignored it for the long time. Lets see what Monday brings. GLAH

In US market for last few sessions will not help our cause... I wish we can find some stability in general....GLAH

Must be based on something... Fingers crossed for rest of the week... If we can hit early thirties it will give me some much needed comfort and safety margin to hold it for another 6months...if it revisits 20 I will loose my nerve and sleep...i have literally forgotten when was the last time i made decent gains in the market... GLAH

so this takes my total holding to 35k....would like to sit tight for next 6months if it doesn't show any weakness now from here on.....still nursing huge losses...hopefully for once i will get it right with interserve.....prior to 6 monthly results we were around 72P....in principal nothing has changed since then except for we dont know current status of EfW projects.....if they are completed now then it will be a relief...although i remember that at some point management clarified that IRV exposure to those contracts is now very limited as they have hit LD ceiling...

Any idea why is it flying today....i have bought 25l shares now with 28P average.....will be please to sell around 60P (may be wishful thinking).....GLAH

I have sold out my holding to realise £3.5k. Incurred some significant loss this time around besides my original loss of around £23k for my initial investment around 105p. Currently living on credit card to finance investment to cant really afford to lose even £3.5k. Will try to invest proceeds through CFD in something with better promise. GLAH

That's quite hefty charge. It all has become very confusing now. I think no one really knows what the true value is now until EfW projects are handed over. This should hopefully happen by the end of the year.

Someone on this board suggested earlier that IRV will struggle to service debt through income which i struggle to understand. My understanding is that we need around £30M to service approx. £600M debt @ 5% interest (not sure what is the actual cost for 5% looks sensible to me). Out gross profit is expected to be around £100M, therefore I struggle to understand how we are unable to service our debt. The real risk seems to be cost overrun and liabilities from EfW projects which is unknown to everyone so far.

in my personal view after all the noises, and share price collapse. Lets see how long they are goinf to wait before releasing the NEWS good or bad. I was thinking recent retrace could be on account of FCA investigation which must be nearing completion as its been almost 6 months since it was launched. Didn't have clue it could due to extra funding required, as we were told financing is sorted until 2021. Fundraising was always on horizon but my thinking was it could be towards the end of 2021 at much higher SP. If we need extra money now then looking at current market cap i struggle to see how we can raise meaningful capital.