We would love to hear your thoughts about our site and services, please take our survey here.
Well before the pandemic they traded between 50p and 60p.. they haven't been affected by the pandemic as badly as many other businesses and their dividend is deferred rather than cancelled... so all in all looking good value under 40p and looking cheap under 30p.
Everyone will have their own opinion though.
This is a couple of years old but we are in the pubs.
Distil plc (AIM: DIS), is pleased to announce that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.
Not going bust.
You should check :
1. Kier website for news
2. Industry periodicals for news of Kier
3. Recent accounts & RNS issued by Kier.
The debt Kier carries only really became an issue when Carillion collapsed - they did a botched Rights Issue which trashed the share price - but succeeded in allowing them to continue to tender for Govt contracts. They have always carried a sizeable debt even while paying divis of 23p (interim) and 46p (final) and I think the current Covid climate makes the debt look almost reasonable.
I'm not expecting much from the next set of figures due soon as they should include the last of the costs associated with the restructuring.. it will all depend on the outlook for the coming year when the cost savings should kick-in.. hopefully it will be positive despite Covid and maybe in a couple of years they will be back in the FTSE250 or maybe they will still be bouncing around this price, but they won't be bust.
You seem a little too desperate to try and put a downer on this share Steve. If you are invested and have genuine concerns then go ahead and express them but do it properly and reasonably.
If not invested then we don't need your crystal ball which seems to be permanently cloudy.
Banxy this open offer deal is mainly to benefit Dbay as the largest shareholder and depending what they've got lined up there might be value buying at this price.. depends what you value the whole package as after the deal is done.
I guess it all depends what you think our 49% interest in ESL is worth...
At the IPO it was around £60M
At todays SP around £35M
Take into account the £15M cash they expect from the placing & offer and the new volume of shares (702b) along with the prospects for ESL & logistics in general..
According to the RNS today, presumably moved to :-
"Shareholder approval is being sought for the Resolutions at the General Meeting which is being convened for 11.00 a.m. on 29 December 2020 at the offices of King & Spalding, 125 Old Broad Street, London EC2N 1AR."
So if the record date for the open offer is 7th December (6pm)... I could now sell 10000 shares for around 9p and yet stil have them count towards the offer of 37 for every 100.. i.e. I would be entitiled to buy back 3700 at 5p?