Member Info for Metamorphosis84

Ha ha stop telling porkies, everyone knows you lost all your money buying IRV at 120p ha ha

I do have to laugh at the same clowns here still ramping this dog! They wouldn't have it that the share might drop below 200, 275, 250. Bet they dont think the "juicy" divi will be cut either

Exceptionally poor performance here, dropped below the support found in April 18. No wonder there has been a downgrade.

Tldr nonsense, worthy of only a few words response.
Which sock puppet will pop up first with congratulations?
Ciao

What on earth is going on?

The market doesn't lie.

This has been a dog of a share now for a long time.

Thoughts? Well 125 is closer and more likely than the fanciful 268.
And I should think a divi cut is pretty likely, too.

Half way through January, when is the de-leveraging and recapitalisation plan going to be announced?
Does anyone know when Early 2019 is?

Now now just because you have been had hookedlineandsinker, there is no need to be bitter.
Direct your upset to the board who are still yet to inform you when Efw will be resolved or what the de leveraging plan is.

Who cares about new contracts when they can't get existing projects completed!

Carillion were still being awarded contracts quite literally days before falling into liquidation.

Its a possibility if they can't get a deal over the line.

Are they!

I just can't see the banks throwing good money after bad. They could have done that with Carillion, but in the end enough was enough.
So Irv have to raise cash through debt for equity, but how do they get it going with Efw still not sorted?
So no cash to trade with, so back to the banks, but will they lend to a firm who time and time again have demonstrated an inability to pay their debt back.
This is just a loop.
At this point, right now, with no new borrowing facilities agreed and with no Debt For Equity in place, how much capital do they have and how long will it sustain their day to day trading activities?

The banks increasing the debt would quite literally be the opposite of de-leveraging wouldn't it?

Surely this further delay to Efw is going to put any Debt for Equity at risk?
There hasn't been enough cash coming in to make the payment that was due to be paid in February, thats been pushed back to April.
So it would seem there is nothing in the kitty.
If this cash raise can't get underway, where is the liquidity to allow this business to continue trading?

Well, we have arrived in "Early 2019" and what do we have?

No completion of any of the Efw plants.
No completion and findings of the FCA investigation.
No significant disposals.
No details of deleveraging.

You get voting rights as well.

At the most recent AGM the shareholders voted unanimously to re-elect the BOD (99.77 in favour of Debbie White).

To approve the Annual Report on Remuneration, 82.87%

It was only 6 months ago.

MAXRETURN 1/6/18
"As someone helpfully posted, there is a filter on here. I block anyone who makes stupid, relevent comments....meta being one. "
Not so stupid now.

Read the rns and work it out

Quick check in, you lot still waiting for miracles?