Member Info for KNIGELK

Apparently Simon Cawkwell has bought 1m at 3.7p. His comments can be seen on www.t1ps.com

So a 75.8% open offer take up and some 1 million share purchases recently - maybe a holding rns is due?

Is it too late to get in guys? Damm been in a meeting lol

How or what is metro atlanta please?

Just got some more at 6.13p - something has got to give soon!

Just a bit more patience imo gl

Well a discounted open offer is not on the tables at the moment so if sentiment improves (and the euro situation is helping) and the share price recovers - it will be viable in the 3rd quarter of this year. The AGM will be interesting and maybe worth attending..

RNS OUT - looks like private placing at 8 cents for 19.9% holding

Yes but it has not just become an issue - the company has been aware for many months that the hedge needed to be repaid as at October 2013 so I am sure work as been going on in the background to attempt to sell the empty real estate or other assets if necessary. IMO the shares at 6p should see a re-rate this week but will not return to prior levels of 20-30p until this issue is resolved so PIs can sell (presuming there is a correction) for an quick profit or hold for longer term gains as Kira has noted or do a mixture..

I presume the currency hedge is fixed for settlement in October so it is helpful but not relevant yet to the company if the exchange rate works in its favour tomorrow - it what happens over the next six months.. Unless there is a way of settling the currency hedge before October if the exchange rate makes it viable?

s/b cash not case!

How big a change in the exchange rate is this from Friday please? The Cyprus banks are not open until Tuesday and since no one can access their case I expect mass withdrawals and possible panic...

While fishing though The Times yesterday were shares near historic lows - this one caught my eye. The last results were fairly positive and NAV appears to be circ 19p - so I intend to invest here next week. Reminds me a little of OPM which has recovered somewhat recently...

I agree it is unreal what has happen in Cyprus - a place I would like to retire to in 10-15 years time. Who is getting this Euro 5 billion windfall? The Cyprus government? The Cyprus banks? The IMF? Surely the euro will react badly to this news and the currency hedge might start to move back to breakeven/profit before October... Expect an exciting day here (and elsewhere) tomorrow!!

According to The Independent ENRC will have a £1 billion write down when issuing results this week... so will be interesting to see how the share price reacts gl

Perhaps go down the middle and sell half at 7-8p and keep some for further gains?

The strange thing is that the share price did not open lower - there appears to have been several large buy/sell orders (see posts on Friday) that caused the MMs to mark the shares down to 6p. The axing of the dividend for six months was probably already factored into the share price and the currency hedging issue is not a new factor either. A technical bounce back to 7-8p is likely on Monday but I will probably hold at least a little longer as 9-11p is quite possible if buying pressure continues..

I am certainly not one of those posters who wants Hibu to fail - just being realistic that this is a very high risk share at the moment (with possible high rewards). The situation in Spain is not improving and the U.S. will be introducing sharp spending cuts over the next few years so going digital and cutting costs was the only solution as I doubt any parts of the company can be sold off. It is about re-setting the debt to a level were the company will not be asking for another restructure 2/3 years down the line - lets hope existing shareholders are a part of this future GLA

I wouldn't advise having share price targets with a share that has issued SIX "little or no value for shareholders" statements. The first priority for shareholders has to be for the shares to remain listed post a capital restructuring that is due any time now. Then talk targets imo

No I don't in general buy shares that have fallen off a cliff as usually there is a good reason. I look for companies that appear oversold or near historic lows which have news flow due in the near future. ALPH thread provides lots of info so it is worth a look. CAD looks interesting and is a share that will re-rate on positive results but I am not holding. (but I will put on my watch list thanks). Several companies due possible game changing news flow over the next few weeks include IRG/PFP/BRDY/TPJ/PIRI/BLU all high risk but worth reviewing GL