Member Info for KNIGELK

Sorry not up with events but I note there has been no recent RNS so how do anyone know "the money is gone"? All we can go by is the last trading update "SnackTime is pleased to announce that it expects its results for the year ended 31st March 2014 to be in line with market expectations. Sales for the year are expected to be approximately £19m with Ebitda of approximately £1.3m. In addition, the exceptional costs of the recent re-organisation, which is now very nearly complete, are expected to be approximately £400,000 and in line with what was estimated in the half-year announcement in November 2013, producing annualised savings in excess of £600,000." and subsequent fund raising - at a premium... of course we can moan about the share price and lack of news but perhaps we all should wait until the September results before closing the door on this companys future?

There's still some NAV cash on their books and tbh not sure if there is any actual exposure re the debt. IMO the share price is now at the right level and factors in all the bad news - unless there's another unknown development..

Can't say I am surprised - it's a way for New Star for acquiring some/all of the loans to get the company on the cheap imo. As for HCP - there will be no share price collaspe as the company has about 1.2p in cash so the only option will be to look for another IPO - and fast

Perhaps the company is unloved because it was pumped so much and the company has just reported... losses!

My point really is that 95% of the time, a takeover is at a PREMIUM to the current share price - not a 20% plus DISCOUNT! I been in and out of GCO over the last few years and it was not too long ago the share price was 2p - look at the chart - it's been dire for shareholders. However I agree that perhaps over time the APC share price will move up and GCO shareholders may be able to sell into a profit...

I don't think GCO shareholders will be too impressed - but maybe the directors had little choice but to accept and be part of a larger company?

Looks like a RNS is coming - 1 code this morning - keep watching!

Just looking in to ascertain what the ticker "CAKE" related to - might DYOR as I love their cakes... btw the spread is not that bad when you look at countless other (usually AIM) shares. It's the reason the MMs make money...

Noted you changed your opinion from "no opinion" to "strong sell" in a week - I presume after reading all these share prophets articles? TBH this website is not usually wrong - look at QPP recently! If they can get more funds - there may be a relief rally - if not, then we know what will happen. Too high risk even for me now!

Noticed a large 100,000 sell just at the time of the RNS - good timing. Is the company insured for weather damage? (looking for crumbs of comfort - as the company cannot do any thing about this sort of weather)

Not good - wide spread damage due to typoon.

yep (that was the quickest response ever lol)

Didn't the company raise any new money when it did the IPO. Debt still US$ 9 million and loss making for the foreseeable future - still watching from the sidelines. I suppose the directors cannot buy (even if they wanted to) until the results now in September? Conditions on the high street not improving either (-0.3% year on year) so their "big customer" is unlikely to increase orders any time soon...

I have held these shares twice so always keep it on my watch list - so perhaps just not as upbeat as others due to the history here. If I am right, the actual NAV for HCP is about 1.4p and reducing due to usual admin expenses - so they really do need to put a NAV in the accounts for the hotels and/or raise additional funds at some point. I suppose I am looking at all this on HCP - how they will benefit from the 49% stake - not really from the point of how the hotels will benefit via Lone Star. I might reinvest but just don't expect game changing news to September gl

So what do you think is the end game here for HCP? Putting a positive NAV figure in the accounts or selling their stake and using the proceeds for an alternative RTO? I cannot see HCP raising equity if asked to invest further funds into the hotels chain either due to the debt restructuring or expansion?

TBH meant another BB website more than here. It was quiet here for months then 4-5 newbies appeared - I supposed the news leaked on the loan extension and Lone Star involvement and how well the hotels have been performing etc. However you cannot get away with the fact that Lone Star holds the (substantial) debt and until we are clearer on what their agenda is here - it is still a high risk share. All I am really saying it no share is a dead cert - but as I also stated - with no NAV in the accounts - HCP really doesn't have much short term downside either gl

It's rebranding isn't it? Any way if it is such positive news - why the poor share price.. still? I keep watching because there is potential for a re-rating but tbh a tad fed up of all the promoting here - there is NO cert that refinancing will solve the net debt/equity issue. Who holds all the cards here? Lone Star not HCP. GL as I say, there is no NAV in the accounts so there is only upside here - just not as sure as some here..

States "Lone Star has agreed to suspend its rights to repayment until 30 September 2014" - so yes it is backing them - up to 30 September.... sounds like there will be another extension then another - until loan is converted into equity - so surely HCP holding will eventually be diluted?

Nothing that was not already known - probably will have to wait 1-2 months for material news here gla

CTFA for example :-) although not sure what's happening there gl