Member Info for KNIGELK

Spammer over on advfn reckons the announcement will be for a 25p bid approach! LOL .....

Not unless the company offers any new shares to existing shareholders. Not too unhappy as 5p s/b the floor now and on advfn there is a mention of a broker report suggesting all the extra events could generate £800k in PBT next year... obviously this seems unlikely (make a profit first) but it would equal 1.6p eps if met. This all adds up to a possible classic AIM recovery share but I'll wait until the interims in October to see if there is actually any turnaround happening..

No worries because it acted like an AIM share! Massive drop in share price, directors well rewarded, debt and low market cap. The different being it was still making a profit!

The share never was a member of AIM

I no longer held the shares but felt an attachment still as Yell was one of my first investments. There are so many questions worth asking like 1) why did the company not attempt a rights issue when the share price was circ 10p? 2) why did the company decide to discuss options with lenders so soon with 18 months before convenants needed renewing in March 2014? 3) then why did it take so long! 4) why is £ 1 billion being written off when a smaller w/o could have left shareholders with a tiny portion post d4e? 5) why go private? 6) what happen to the promised tie-ups? 7) why make acquisitions last year with cash that the company could not afford! 8) why did the debt repurchases stop? I could go on but I bet the action group will have these questions too plus many more!

Agree Action Groups have not seen much success in the past. However shareholders holding 400 million shares (17%) and rising and being led by an experience investment banker who is gathering evidence of possible misleading RNSs etc suggests there is merit continuing with this action. The RNS were the CEO stated that talks with the lenders had started and "shareholders interest will be protected to the greatest extent possible" might come back to haunt him....

Back in profit and good outlook. Not sure what is fair value here though... 40p?

No cheap ones going at 1p. Seems like u will need to pay 1.25p to add

The good (and bad) thing is that it doesn't take much volume to move this. When I first made my investment here earlier this year I acquired 10,000 shares over a few weeks and the share price shot up from 35p to 115p. I did bank some profits and alongside another seller it has fallen back but this morning decided the AFC investment plus the fact the recent fund raising was at 65p meant is was a good time to top back up and glad to note you and others have thought the same. So a bit of volume over the next week or so... and the same sp increase may be on the cards... hopefully another investment will push this up also gl

see cgg thread - this company is now a cash shell and its first new investment is.... AFE!

No this company has been around for a while but sold its main business to become a cash shell. It recently raised funds at 65p per share and has now made its first investment into AFE. Therefore the share price is trading close to cash NAV and should increase if its investment also appreciates like today :-)

Great time to buy - shame I am tied up elsewhere otherwise I would be adding big time gla

Well the new investor CGG is also having a good day so the market likes it :-))

On the move today...

Good to hear from you - it's been a long time. I too bailed out a while back but even though this looked the most likely option it still feels like a shock so hard to imagine how those with substantial holdings here must feel. So no misleading about Microsoft? Or the various options being considered? The end result is that the company never got into the internet game fast enough and perhaps should have sold/demerged the print operations a few years ago. Hindsight eh..

No option? So why RNS stating various options were being considered including some which may result in little or no value for shareholders? The debt had fallen from over £ 3 billion to £ 2.1 billion and interest paid over the years (probably another billion since the last rights issue) and the debt talks could have waited until later this year as it is March 2014 that the current covenents ended. Just as it appears the company is turning a corner (digital revenue increasing .. profit up £3 million this quarter) the lenders demand delisting so they can benefit from the recovery. I am sure the action group will drag this out over many months and not just walk away and give up - I feel really sorry and annoyed for those shareholders who hung on to the bitter end.. yes the lenders have agreed to take losses by reducing debt by £800 million but they will still be receiving interest payments - is there any point to being a shareholder any more in regards to having any power in a companys' future?

Seen to forget that if the shareholders had not supported a 42p rights issue bond interest may not have been paid fully over the last 2/3 years. Probably 700 million interest paid over this period but they refuse to consider a small payment to shareholders now. Disgusting

So 75% of lenders need to vote for this restructuring .... no vote for the shareholders (not ex-owners) then? I note 38% of revenue is now digital and for the June quarter profit increased by £3 million...So the lenders will get all the benefits of a gradual recovery over the next few years as digital grows and print decline slows down... not a holder now but this is still very poor from the company... they should have suspended the shares months ago because they knew this was virtually the only option the lenders/hedge funds would accept. The action group will have its work cut out but I wish them every success in holding these FAT cats to account...

Seems like a late drip in the share price at the close... 7am RNS likely tomorrow - really hope the BOD has the decency to give existing shareholders a slice of the D4E cake even if it is just the crumbs gla

Hold shares in Coburg and it appears most of the companys spare cash has been invested into AFE. I would buy more CGG if it wasn't for the spread as this share could also benefit from a rise here at a later date :-)