Member Info for Maffa

Custos can stop this and keep JPR as a going concern. Seems a real long shot now. Dont hold - but this is a real disgrace. GL all.

Now? Indeed seems a real stitch up - had until June 19 next year. New company all sorted out terms and conditions, new name and all. This must be bordering on illegal surely? How can this be done months before the bonds are due without shareholder approval? Dont think anyone expected this so soon.

Tweet - well worth reading - it simply may not be over just yet. If he has a a restructuring plan which I guess he must have - reputations/money on the line perhaps this can be brought back as a going concern. Certainly hope so - from my personal point of view dont want pension going to PPF. Gl

But shares in the company, which had rallied earlier this week at the prospect of a deal for the i, are now worthless and will no longer trade on the London Stock Exchange from Monday. From HTFP but plenty of other sources out there....certainly newsworthy. Bondholders triumph over equity, massively one sided.

Did state how many of these situations end well on this board...certainly thought admin was a likely senario - not invested but employer for nearly 20 years. Genuinely feel for the long term Shareholders here. Bondholders win out as invariably do.

So does that mean the pension fund gets shares then? In that scenario?

ATB all holders. I truly hope the Viking does indeed come through and save JPR and keep it as a going concern. Certainly prefer the FS pension to remain at JPR rather than it been jettisoned off to the PPF. Followed JPR and traded many times since 2008 all but once with the SIPS was I as a slight loss - rest decent profit. Have to state I agree with all the Viking has stated about JPR board. Milked it dry and for near total shareholder value wipeout. It is high risk and potentially high reward, do think the market isn’t impressed with the Viking and certainly the Bondholders are in near total control. Market certainly thinks so. GL

Surprise me at all if that is in his ‘plans’ - just that waiting for admin and buying it for a pound. Far more likely than a takeover at 16-20 pence that particularly some of the recent holders keep banging on about. Market is not impressed with the Viking after the first time - and due diligence was not done because if the Viking knew about the poison pill he wouldn’t have touched this - barking on and trying to save face. CA are and before involvement with JPR had an impressive reputation that preceded them. Again I have not known of a company in this situation turning its fortunes around and the market certainly doubts it. Paying 3.5 million out for nothing other than the result putting JPR up for sale is just one of the many things that beggars belief. Bondholders in near total control - don’t hold myself - but obviously want to see what will happen to my pension and my former employer - near 20 year employment.

many in JPR's position actually end well for ordinary shareholders? Bondholders in control here, will not be a takeover at any price imo. Parts will be cherry picked perhaps

Why did Orbis, CA sold a sizeable amount and Majedie the last lot at 1.25! Why tell me is it being shorted and the usual shoters burn etc and a BID from Custos immient - tbh unbelievable but many times it happens ramping a share up. Not saying overvalued at this level but simply put ordinary shareholders and equity value could easily lose the lot. Bondholders are in control unless the Viking can perform a miracle. JPR is full of woes since the for sale sign - do some research - I hope Jpr can continue as a going concern - pension not jettisoned etc but to state that a BID is likely I simply do not agree - would really like to be proved wrong

Would the bondholders accept an haircut? They bought at a discount and are in control - they want to make money. At 30 percent doesnt have to make an offer but has to produce another form stating intent NOT to make an offer for the company

Bought in market at around 2 pence after the others were dumped at 1.25.

Yesterday morning MM had 7.2 milion shares dumped at 1.25. They would be happy to sell to any mug at whatever price much higher - its what they do create a market

Dumped yesterday £96k at 1.25 perhaps best price MM were prepared to give them. Around 1.5 level perhaps a buy - but is very high risk make no mistake - Bondholders have the power - fact. DyOR since JPR put up for sale sign in desperation .....

At 1.25 - why pay more lol

That £96k trade. Thats desperate

Volume lol

Rampers only give short term relief selling much higher and then buying back if you traded them - its not that far off its low - at that juncture - lowest intraday for a small amount was 2.26. Around 2.5 offically but massive spread around that time. To buy any real amount not too far off the Ask now. For what it is worth I would hold if I held now. There will be since the rise many in at various levels in between. Perhaps looking to average down suspect that was what the 9 k buy was. Never buy in the foray only sell into the strength. Viking I would more than suspect has a plan, whether that can circumvent the Bondholders plans remains to be seen. Market certainly not convinced thats for sure. GL - high risk / reward. To me perversely more worth a punt if it held in double figures in anticipation of news than where it is back now.

Before the newcomers in recent weeks ramped this upwards to just under 11 pence on news that was in the public domain already. On Advfn too, all that has changed is Vikings mate has decreased holdings – sold some at a large loss. There would be a fair few locked in various spikes at a significant loss I suspect to join those beleaguered LTR hoping this will be some kind of miracle turnaround. The Bondholders have the whip hand and power make no mistake. Only if and when – and this always goes up before news actually hits - the Viking comes up with a plausible and decent deal for stakeholders will this on the back of that move upwards and that could be significant – Viking’s average of around 15 pence. Ordinary shareholders could effectively be wiped out here is the other reality if the Bondholders get there way. Viking said he was going to buy to just under 30 % prior to the AGM and didn’t. Didn’t even know of the poison pill – suspect he would not even entered the fray if he did. Could really go either way here.

That way his mate did buy some. But gone quiet - not aware of the poison pill when he bought in. Bondholders have the power and will win out here, may be some value in the equity but it seems the market doubts that. Equity seems to have lost here unless something massive happens that I doubt will have happen now. Fortunately dont hold but pension likely to be jettisoned I reckon. Cashley held on too long it seems