Member Info for HHReturns

The debt is huge as a percentage of real profits, so equity was only ever a sliver of EV really. Take the money, don't open the box.

You could make up a bs narrative for anything. Absolute fruit loop. I'm sure you believe your own nonsense, and that's ok as it's still a largely free country.

We just don't know James Oxford. They could also just let it go into admin and expect to pick up a good chunk of the carcass. They are only paying for continuity and goodwill now really, as the company itself is a busted flush and founded on nonsense 'profit' that never materialised into real cash. Don't rattle Sidara too much would be my suggestion, as they are holders best bet.

It's always had plenty of contracts. Not much good if they can't make a profit from them. Get someone in who can would be my suggestion.

If II's think it is worth far more than 20p in any scenario then they would buy, surely?

Your scenario suggesting that they aren't buying because they think it will be a no vote means that they don't think it is worth 20p in such a scenario. Is that because they expect a D4E in such an outcome? You can't have it both ways.

And if it's a no vote? That extra liquidity goes and the lenders may then want equity injected instead. It might be the best option in the long run, but it will sting in the short term for sure.

I don't think it is as simple as that Davius. Are you suggesting that the possibility of a yes vote has changed dramatically since 8am this morning, going up and down in line with the SP?

Also, there are a few other options. It isn't necessarily a 0p option, as it could be a big RI / D4E. It could be another bid (although unlikely in my view) and so it isn't quite as simple as your simple maths suggests. There is also a natural discount as the 30p wouldn't be paid for ages. Even if there was a 100% chance of 30p in 6 months time, it doesn't mean the SP would be 30p today.

A nice simple try, but a few more variables to consider I suggest.

One is a cancellation of one of the others, so just 1 trade. It could be a buy or a sell.

50 posts on here today Icecool. Get some help. Take a break, find a woman, a man, a goat, something.

Icecool reminds me of the Black Knight from Monty Python. If this went bust they would still be saying "Bankruptcy - tis but a scratch"

Perhaps the institutions don't want to put in new money until they get confirmation of the vote, both that it is a yes vote and also that Sidara haven't moved the goal posts again, which they could do.

As you say, if anything was a given (bit or go alone) then the SP wouldn't be here. If going alone it would be lower in my view but it is being propped up by the likelihood (with no guarantee) of an accepted 30p bid.

Forgive me, as I haven't revisited the old RNS's and so am going from memory they needed £250m + disposals just to hit revised guidance anyway I think. These disposals aren't making everything rosy but just stopping an implosion. There is not going to be bags of cash suddenly and all problems sorted just because necessary disposals are progressing.

There is a business here - just a small one.

Andrew sells lemonade from a stall in his front garden. It made about £50k last year, I think.

Not much reward in hindsight, for holding into suspension and for months of uncertainty.

Personally I can't see another bid coming in but I do see the current 30p being successful. Both parties have invested lots of time and money in it, and WG don't have much spare time to mess about as cash will be tight.

As for a rival higher bid, with various disposals since the initial talks, why would someone now want to pay more when chunks of the business have been sold off?

Really? Which ones were yours?

Why are these clowns looking at paying dividends? Buybacks all the way at the right time, surely?

You are also committing to a reasonably long wait, as it will be months before that money gets into bank accounts if the bid progresses and is accepted.

The flip side I guess is that there may be a better bid that emerges. Not sure how likely that is myself, but maybe.

Fair enough Invester86, but that's when you look at how they then try to fund growth. Do a placing or get a loan, ok. Not these guys. They get a loan from a connected party and then give that company most of the proceeds back for something unknown.

They consolidate holders but leave warrants at the old price. They changed a loan to one director to multiples of shares and then didn't consolidate them either, favouring the director.

They are just dodgy. Enriching yourself is one thing but leave something for the ordinary guy FFS.

I did say that some of the platforms won't have it immediately available. Always the same after a long suspension.