Member Info for JG68

Just to add, despite the different sector, WG is also considering a ridiculous firesale of 35p p share whereas they declined over 200 a year ago.

Genghis

It's being priced like WG, as a company in imminent distress.

Anything tangibly positive is discounted.

Rev growth, Alsa, 600 odd million cash, do you not think?

FishB

Unfortunately I still have 100k shares in my sipp averaged at 72.

It's just a complete confusing mess.

The market is pricing this the Debt minus the 300 mill they keep at hand, and minus the NA proceeds to come also to be retained in cash.

So the market currently is discounting over half a billion in cash, plus any future earnings.

Crazy

Fishbon

I hate selling at a loss especially in my Isa but I sold out at 25k loss on Friday at 43.

Problem is, trying to claw back those losses.

Tempted to jump back in here at sub 30 but this has been such poor investment decision over 4 years.

Right now this is being price similarly to WG and PFC dare I say it, as any equity is essentially owned by the creditors.

Mcap is nothing with this debt level.

They should have threatened to sell Alsa imo, in collaboration with all the other IIs, forced Cosmens hand.

Alsa would fetch a billion plus surely.

This has played into Cosmens hands completely.

We're booked unless they stop the sale and sell Alsa instead.

about 4% down on yesterday.

b**** company

Ample liquidity and apart from refinancing the hybrid, no debt calls forc2 years

Let's see how easy it is for cosmen to manipulate Phil white as it was Garat

Might buy back some on the back of that

Thanks Trisor, hadn't looked for a few days

Probably because he's trashed a previously well run company.

Trisor

There was an agm TU in May last year, only a couple weeks later than now.

Normally there's an Agm trading update.

Can't be anything good to report.

Yeah right, that aged well

No they said at HY they would retain the Hybrid and they've repeated that again.

They will refinance it.

I'm very sceptical now because at HY Helen said they saw a clear pathway to organically deleverage with/ without the school buses sale.

So what has prompted them to sell well on the cheap now?

I don't get why selling at this price is better than keeping it, especially with interest rates falling.

HV

Yeah that is a big worry , possible RI, but there again there should be ample liquidity given what cash they were holding at HY and the proceeds from the sale.

I'm wondering whether they expected the sp to crater so much yesterday, why it wasn't all released together, whether there is anything positive coming Tuesday now that's out the way.

Or whether Helen established the dire state of the company after HY meaning they're recommending such a firesale, also meaning things have changed since HY and no path to organic deleverage is possible, even with interest rates coming down.

Seems very desperate imo, and being such a small amount is obviously going to whack a load of the book value ( intangible assets).

And wtf do tariffs really have to do with it.

I'm out of my isa at a loss, still in my sipp at a huge loss.

Wondering whether to just draw a line and sell out completely and accept the losses.

Ffs.

Oh and plus the huge write off because they sold it on the cheap.

Just to clarify and to be confirmed Tuesday, they would have $385m plus say the £300m they keep as cash ( think I'm right in saying) and net debt is reduced by $75 m excluding lease liabilities?

This is looking like wg, 40% wiped off in a day, currently 17p, massive debt, complete clown running it.

They've destroyed this company, can't even look at the presentation Tuesday, Garat is so incompetent it makes my blood boil.

Harsh lesson here but I've made peace with it.

Moving on, no more UK companies run by foreign ceos in collusion with majority shareholders.

Hope he chokes on his paella tonight, effing btard

Smokey

Most of them.

Took a big loss in my isa, even on 60k shares at 43, may buy back if Garat walks on Tuesday.

What would anyone be investing in?

Less revenue, less ebitda, still a mountain of debt, 2 loss making countries ( UK and Germany), and a board that seem to want this deal to go through.

Sounds very desperate considering the upbeat HY update that stated they saw a clear pathway to organic deleverage with / without this disposal.