Member Info for Latino

To me it reads as though they took the placing to support this new large contract, maybe they had to illustrate funding and resource to deliver the work in the next 5 months?

Yep, last time on Merck news this went to 30+p, dyor but the hints were given last week so this contract if CEO is true to his word could multi bag here...significant re-rate!

Talks were confirmed in RNS last week, so it may well be contract signed and sealed?

Yep broker target will now be into double figures for sure.

Should be way north by now...c’mon MMs let this go!

Spot on..let the profit takers out and this should be heading seriously north..

Just excellent!

Yep..buying up the roof!

About to blow again..

We’ll should see more close during course of day..and news of agreement could also come..so interesting times ahead..

What a non sensical deramping post...could have saved some time there with the write up lol

If it’s stanstill agreement then this will have hugh legs..

6 is now history...watch and learn!

Could well be this is expected now ?

To come by September..gla

At 31 December 2019, the Group had cash and cash equivalents of GBP11.7m (2018: GBP17.3m). Cash balances at 31 December 2019 include GBP4.0m (2018: GBP4.2m) of cash required to be retained to support certain contingent creditors of the Group. In particular, EUR1.5m was held in an escrow account and in addition a further EUR1.6m was held at HSBC to secure further indemnity obligations to Wavestone, the acquirer of the French and related operations of Kurt Salmon. The HSBC security has been extended to 17th September 2020. The total held in respect of potential Wavestone claims amounts to EUR3.1m. Although a substantial proportion of this cash is expected to become available to the Group for general corporate purposes as the contingent obligations fall away over time, the exact amount and timing is still subject to uncertainty.

The Board had therefore concluded that, even on a worst-case basis, the Group has adequate resources to be able to operate for the foreseeable future. However, the impact of COVID 19 has led to a material uncertainty in the Group's ability to generate revenue in the normal course of business whilst the current pandemic restricts international travel and almost complete remote working persists.

Well said there. London high court ruling may not directly impact the General, but will be a major deter for any major interested here, even more so to any of the listed firms around the world. So, this can’t go anywhere now without a deal with PFP. Complete no brainer now...!

Thanks for letting us know...lol

Think this is now come to a stage where an agreement is not a no brainer for all parties, and delaying this further does not suit either party as the courts have just reiterated what they said 2 years ago (time wasted). So forget about the courts unless they want to delay this further...but this really will not suit anyone even more so the General who Is not getting any younger, and courts can go on another decade. So General has got PFP where he wanted them (on the table and ready to reach a settlement and move on).

So my bet is the principle terms agreed will be rubber stamped very shortly. Gla

They have received 14 expressions of interest for JV!! Expecting a significant rerate imo as news gets digested.

Supreme Court ruling though expected, should now clear deck for a deal. It should be no brainer now if the principle agreement is still in place.