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There we have it then straight from the horses mouth, 'de-leveraging plan......likely to result in material dilution of existing shareholders equity'. Press release seemingly reluctantly put out late on Sunday in a futile attempt at 'damage limitation' of the SP. Who knows how much of a material dilution of existing shareholders equity they intend to settle on?? 50 new shares for 3 old at 5pence per share??? Risible attempt at stability imv! Am dumping mine in the morning, if they're not suspended,for whatever price I can get!

Very true hereshopin. It's a psychological thing or something. I now recognise I was in denial. It's not easy to crystallise losses but enough is enough. Good luck to all holders if by some miracle the SP recovers, but I'm planning to enjoy Xmas now without the daily fear of wipeout!

Unfortunately yes hereshopin but check out my post of 08:43. It's Game,Set and Match now imv.

It's probably one of the Bankers themselves who is doing the decent thing by disclosing this information, But clearly does not want to be identified as the source of this leak. The game is up here IMV!!!

There's no smoke without fire. Will try to salvage what little value remains and get out ASAP. Will also dump my Capita holdings as I see them in a very similar situation, namely unsustainable and insurmountable debt mountains.

The biggest impediment to our economy is self inflicted though. The sooner we hold another referendum on Brexit and reverse the insane first result, the better it will be for everyone. Many people voted leave on false premises anyway,myself included! We face many more years of Austerity if this is not done. The sole reason Cameron allowed this crazy referendum was for purely Selfish reasons,ie winning an election (knowing they were hemorrhaging support to the fascist UKIP party).

"From 3 beans Jack grew a beanstalk and got a golden egg....it will come" -Wasn't that a fairytale about a castle in the air? Lol.

Sub 20p today? ??

Meta- You are wrong. I've not voted for anything at their AGM etc. You are correct on the last two points however. It looks like it's game over to be fair at least for existing shareholders. Wrongly expected them to make a good fist of it after the Carillion collapse (less competition etc) and all that. Alas, it seems like this BOD would fail to organise a good knees up in a brewery!

The SP is in greater danger of halving than doubling in the next month. After all, they've slumped from over £7 per share to a paltry 25 pence.. It's tantamount to legalised theft in my opinion when those responsible award themselves remuneration packages on a par with a lottery win every year. No wonder Corbynism is on the rise IMV.

The SP is in greater danger of halving than doubling in the next month. After all, they've slumped from over £7 per share to a paltry 25 pence.. It's tantamount to legalised theft in my opinion when those responsible award themselves remuneration packages on a par with a lottery win every year. No wonder Corbynism is on the rise IMV.

@cj62-'I.....fail to understand where they are going with it.Any thoughts?' I would think they intend to participate in the dirt cheap Rights Issue they are expecting in early 2019 , (already indirectly flagged up). Since this is likely before start of new tax year, once they've got their Rights entitlement, they'LL dump the old shares at a considerable likely loss. The loss on the original shares will be offset against profits on other assets sold in the tax year at a profit. Therefore they are effectively acquiring Interserve shares now at approx.25% or so discount and qualifying for heavily discounted new Irv shares in the expected Rights Issue. Just one possibility I can think of as to where they are going with it. Whatever, I'm sure they are up to some sophisticated plan!

Come to think of it, I would not be surprised if them Shylocks were holding very large Short positions in IRV themselves. When the company is on the brink of collapse, they may then freeze interest payments and defer covenant tests etc. Of course not before closing out their large Short positions in the knowledge that such action would precipitate a rapid increase in the Share Price! Or would that be market manipulation and thus illegal? Then again it could probably be disguised in some obscure off shore fund etc! Who knows what skulduggery is going on?

With so many struggling Bricks and Mortar retailers renegotiating their rents with landlords in the currently difficult high street environment in order to survive, why can't Interserves debtors freeze and/or reduce the interest payments to help the company survive? It will be no good to them if IRV becomes insolvent due to the lenders greed! It's this grasping "BUT WE HAVE A CONTRACTUAL AGREEMENT" attitude that gives these Usurers such a bad name! After all, they could be strangling the Goose that lays them golden eggs!

Market cap to debt ratio is now 1:13 . Short positions increasing and probable political turmoil ahead with a likely Corbyn victory in a general election (and we know what that means)! This is getting a little bit scary tbh! Wish I possessed a Crystal Ball (or better still a Time Machine)!

Concensus Broker recommendations are a very good guide imo. They are far more reliable than the opinion of the 'man on the Clapham omnibus' . Of course they are not anywhere near 100% correct. If they were,we'd all be millionaires! Nobody has a Crystal ball and not many people have the inclination or the wherewithal to 'DYOR' to a professional level.

Best solution imo- New 3way referendum, 1 to accept Brexit agreement ; 2 to walk away with no deal ; 3 to remain in EU . Let the people decide, simple really!

The bbc are most definitely at fault here. How can they claim to be impartial news editors with biased and damaging fake news reports like that?. Really hope they are sued and heads roll. They've learnt nothing it seems from the Cliff Richard debacle!

How can the BBC allow it's platform to be used to manipulate the value of Interserve in a clearly fraudulent way IMV? They are meant to produce balanced news reports,but where was the argument from the other side/someone to challenge the unscrupulous assertions? The wild fluctuations caused to the SP have aided and abetted crooked financial activity IMV at the expense of genuine shareholders!

He was bound to have been evasive,non committal and obfuscatory,they always are! Let's see if they come up with a positive RNS. It's such a shame that a shareholder should have to urge them to issue a statement. We are their raison d'etre after all !!