Member Info for juyamah

Then 6% down in early trading, as a long term holder I shouldn't really be surprised.

Results pretty much as Expected..Nothing in them not to like..

To post that they are so glad to have gotten in at 18p this morning....lol

WarrenBJunior

That exactly what Petrofac and Wood Group shareholders were posting a few months back.....There companies will continue but without the existing shareholders, somewhere along the way a financing deal will be reached but current shareholders wont be at the party celebrating.

I bought in late yesterday at a little over 19p as a punt in the hope I can make a short term 20%.

WarrenBJunior

The problem is they cannot fund the debt they have at the moment, after the Rights Issue a few years back which was supposed to get the company back in control of the debt issue, we find its even worse now...It doesn't really matter how good a company is or how good their products are if they are not selling enough of them to cover their costs and pay the banks back what you have borrowed its pointless continuing in the same way...

I doubt there's any chance of getting a rights issue done now, debt for equity swap more possible but that will leave current shareholders out in the cold.

better option would be a takeover by a deep pocketed group willing to fund the debt, something like the wood Group deal but even that will not be great for the long term investors, its maybe worth a bit of a punt at the current price but probably we could wait for it to go to 18p.

I cant see anything short term that will reverse the slide.

Thursdays trading statement should be good and will underpin the share price, Its been many a long year since I was this hopeful of good news.

Icecool

We wouldn't be going down this route if the board weren't confident of having enough Institutional Investors on board..

The Mail on Sunday has revealed that WH Smith depends heavily on the promotional income from suppliers to achieve its sales targets. That could mean that the issues around the company's books run deeper than previously thought. The revelation follows a profit warning during the previous month that sent the company's shares down by over 40%. Deloitte is looking into the error, which WH Smith has attributed to "accelerated recognition of supplier income" at its US unit. - Financial Mail on Sunday

Could be a rocky opening tomorrow..

Bond-Investments.

'It's odd how Wood is being sold for the same price as one of its subsidiaries. I can't quite fathom it myself.

Maybe its because the subsidiarity isn't carrying $1.6 B of debt.

'

Stew200

I agree that this will never be relisted, I wish I was sure that we will eventually see the 30p as it looks like a lot of hoops to go through before that's a done deal.

Against this backdrop, the Board of Wood believes that:

· The current capital structure of the Wood Group is unsustainable. When taking account of cash requirements in the business, Wood's gross indebtedness is approximately $1.6 billion;

· Wood's liquidity to fund its ongoing operations is currently limited;

· There are significant challenges in accessing new sources of capital absent a holistic refinancing of Wood, which would potentially require: (i) further substantial asset disposals (with resulting loss of profit and cash flow, if these businesses are separated from Wood), (ii) raising new capital on terms that would, after dilution, likely leave limited to de minimis value for the current Wood Shareholders, or (iii) a combination of both (i) and (ii).

· The Wood Directors believe that any alternative refinancing option would likely generate materially less, and potentially zero, value for Wood Shareholders relative to the terms of this recommended Acquisition.

Posts since suspension and we are non the wiser...lol

Fingers crossed for tomorrow..GLA

Amers

I don't think there can be insider dealing when there is no dealing, as long as the accounts are published prior to a relisting then there's no unfair advantage.

Https://www.lse.co.uk/news/SMWH/hedge-funds-picked-wh-smith-as-a-top-short-before-share-slump-hazeltree-data-shows-2hi6cxgfyr8j0c9.html

Really far fetched to believe that.

Liverpool 427 It was the end of day Uncrossing Auction Trade, not a Buy or a sell as its a combination of the two .

https://www.shiftingshares.com/what-is-an-uncrossing-trade/

Falling fast again, looking to take some once it settles.

Purdey

There are no assets..

All they ever had was a rented field in Greece with a few random outbuildings and the gift of the gab, they claimed at one point to have purchased some second hand new?? equipment though that could have been a kettle, toaster and Microwave for the bothy as we never saw any details or photos of what was allegedly purchased.

Bigsmoke...If you sell an asset you don't still own it, this asset was part of the package that Sid might possibly bidding on...

Yes. good to see you back Mary...