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who knows someone who knows someone... and the story goes an employee at Hibu sold their options at £10 and had lost £12,000. Well the individual complained to the top team... and they were sorry and all... but didnt get he money back but instead got a 15% payrise as a help. So - if that is indeed true... then......! make up your own minds. Just thought sharing this sunny Monday morning as couldnt believe my ears personally.
doubt it matters if everyone held 2,382,000,000 shares - ie the total registry! but hey happy Fridays ! this is past the stage of getting the abacus out - the debt is unservicable - and the company is continuing to shed roles to battled the revenue decline. Debt at almost the £1 negative per share in issue - only Soros and co can save this now - as lenders are nor relending. DYOR of course! little value? or no value? well we are on one and very close to the other ...! DYOR.
a classic ... no full year numbers came. Let the numbers do the talking... hmmm Will it be on the market by then or not that's the question. Enjoy the weather folks! http://www.reuters.com/article/2013/07/11/diary-weu-earnings-idUSL4N0FH1TC20130711
if you like a gamble then gamble away - just note the last X number of RNS state little or no value. So that 1650 could soon 0 or if 1p then 4950. good luck either way.
No idea- ring em up and ask em! its your company after all - or is it SOROS and co? yours currently. The fact the top team surrendered their shares in lieu of cash perhaps answers your question. They are not required to hold shares by the lenders / creditors. NB Chairman also hedged and bought debt as well as equity. Good luck with whatever the outcome here of course - as its in everyone's interest for something acceptable to come from it all. What your take on acceptable is who knows - eg 1p is 300% of todays price - acceptable?
No idea at all - buy I expect the minimum SOROS and co can get away with ''ethically?!'' , and together with HiBU PLC legally - there is a degree of PR here of course - but cant hang your coat on that point as its soon forgotten - and the lenders have the company by the short and curlies by all accounts as relying to refinance and roll the debt again and again and again is simply untenable. From when I hear redunancies (sadly for the staff and familes etc) are still ongoing so the company is fighting the revenue declines hard... but ..but.... there is simply no option. Wouldn't it be nice to hear the true facts in an RNS soon tho - as my oh my what a saga it has become - and lack of clarity isnt helping anyone. Massive turnaround in strategy tho on the debt side... lenders won the war - however as we understand it they now have their cash to a large extent via SOROS and co so have closed their positions and moved on. So back to your question - perhaps once the 52 week high is indeed 1P.... eg Monday Sept 2nd... talks complete and theyve negotiated a good will gesture of 1p for each ordinary share holder - the 52 week high! Or... if legally feasible - nothing. But a degree of PR issue on that one. All guess work though - and all opinions - but perhaps call the Inv Relations Team up - cos they will give some guidance / some hint to if they have a job or not in a couple months! Good luck anyway - and btw - this isnt mike and co's fault or intention i am pretty sure of that - it is the climate, the declining print, the 4.77X debt leverage and the fact lenders are fed up (right or wrongly so) - so barring shutting up shop, theyve done pretty well to secure a buyer (if indeed thats the case). All conjecture until clarity comes -but surely.. surely... discussions are not now ongoing... it is the 52 week high issue....! (perhaps). Just perhaps. BLAH. Blah BlAH. Anyway - dont worry - I am stuck sittting at NEW before anyone laughs but continuing to buy at the massive discount!! Enjoy the sun all X
sold at 0.31 today - altho he ironically thinks 1p will be offered as a closing gesture. Not the best trader if so - but it takes all sorts!
Just an inkling... just an inkling. Wait til 52 year high is that - and then boom '' delighted to say we have negotiated a settlement at the year's high'....! As I say... just an inkling.!
the results could not be anything special at all - and the 4 year strategy (in year 3?) maybe looks like it is under severe stress with the debt mountain so they had no choice than to try force a refinancing... and then no sympathy with the banks - so when vulnerable.. then the vultures pounce. It maybe this option is their only option apart from shut up shop. Who knows - its all hearsay and whispers and chatter really - which is doing no one any good. Look forward to seeing the results and costs on default and revenues and margins and impact of the newsletters and all the digital developments ! It could be major turnaround here - but if thats the case then surely the situation wouldnt be as it is. Maybe it is all down to the recession.
cut on perhaps here?! Nonovice... I think this trajectory was planned many many many months ago... and I do recall someone somewhere publicising an internal email from Tony Bates to that effect - somewhere on ADFVN or III ages ago. At the time is was a bit vague and didnt mean much sense - but it rings bells that if we knew then what we know now (and that isnt really that much ironically) then...... ! It certainly is a case study of how a giant can go from huge dominant force... into..... and then the private to public back to private company again... ! business depts at the institutions are probably drafting their course materials now.
i'd expect that Michael Pocock will be stepping down / retiring once the restructure and refinance is complete ? anyone else think so? Expect Tony and Mike have gone Greyer quicker than Philip Schofield with it all ! Question is will history repeat itself and FD and CEO both vanish on the same day? All live to see another day folks ultimately. Now... back to the vino.
no one changing their positions now then.
and asked if they are indeed on the side of the shareholder here who helped them wipe off 660M off the debt at 42p RI.? Anyone there in the inv relations dept? or is it on a voice mail?! ''gone fishing''. BOB bought shares yes - he also bought debt bonds to hedge it. Prob is why stop paying your interest? RBS sound like theyve traded back their debt now and moved on - and control about to sweep to Soros and co. Issue is why not buy more distressed debt with the FCF ? who is pulling the strings ultimately here? defaulting on debt and not releasing results and all suggests to me that this is all the decision of the business itself and not indeed the operating environment....! I can imagine that the 13000 strong work force may not be 13000 for long if soros and co get in their cost cutting mindset? I just dont get it personally - as last i heard the debt was easily servicable. Sounds like bully boy tactics - the problem is i dont know who the bully is and who the victim is!
the annual results of *our* *your* company? all seems very odd to me !
No "I think" about it. Good luck everyone. As for your points - I'm afraid iv no idea. I just know what I've read in the news and seen transpire. Enjoy your sunny bank holidays everyone.
Hello - no loss on new as continuing to buy each month - made 10x on yell and hibu in cash in one month what I have exposed on new - so infact you have hedged it all - thank you - you forget I know exactly how to play this game. Good luck here and with your 'investments'. Good luck piler too. And everyone else. Oh and bob - he hedged like me - buying debt here too.
Pile in Tuesday then 8am? Sounds to me like its all about who you know. The important people have the cash to rescue this company and seize control. It's like history repeating itself this!! Ah. Poor 42p RI lot I say. Altho they also shorted it and helped create this mess. So sounds to me like the boys have no choice ere. The big boys have over 51 % of the shares and even if not no one has any choice. Only damage here is possible PR Brand / stakeholder policy online .... / advertiser and staff retention issues - however many will/ may lose share value - (the final 0.4p?!) but better that and the company keep Their staff. They can always choose to leave - but....... They won't. And hell - they've just got a bonus sweetener two months early to help morale and retention. Can't be an easy one to sort this - so unless you are mike pocock and bates then no one knows the full facts. Clue was perhaps when they surrended their shares (to who).... In lieu of cash. Said it all really. Debt mountain too big and revenues just not good to pay back the lenders and they've seemingly got impatient from How it sounds. The recession has of course hampered things. Pocock and team have drastically reduced costs, head counts and all but again v v tough operating enironmwnt. Clue also came recently from someone's post after an honest chat to head inv relations? Perhaps cos he also knew his role no longer tenable. What I don't get is why more and more debt couldn't be wiped on the 2ndry market and why USA bods fired by trying to prevent this from happening. Who is working for who I wonder. Anyway. If this is all true - and no one knows yet----- then it's usually the case major cuts again / restructuring and rescue / sell offs when time right ....... And. Yes and ...... Re list as a ftse 100 ?! ...... Who wants a piece again at £5 ? Good luck with any legal battle ere - cos people are living in dreamland. The rns after hours Friday suggests a 'covering ones posterior' approach knowing news could break at weekend. Times and FT always on the nose on the facts. So piler. Are you piling in Tuesday? If so. Good luck! Will make a marvellous business degree study this - it's got all the essential Ingredients - big name .....expansion.... And we know the rest. Good luck with whatever you choose come Tuesday or beyond. Beer time
means in RNS - check the last few - check the name and phone number at the base- and DYOR! Enjoy it. And good luck to you all.
anyone having to email in to ask if Andrew is indeed HEAD there - check an official RNS with telephone number and give the man a bell yourself!!!! old fashioned way is sometimes the best rather that wait for a week ....!!!! anyone who doesnt know who he is and investing here erm...... Fair play to the chap who bothered sharing this information in my opinion - could be a number of reasons why this was given - to again give the nice people who have supported the company RI and debt pay down of 660M a chance to get out and salvage anything value left here. Andrew? he is sharing information which has been stated a number or times in the email. I do not hold here. and wish you all well!
now the question now is what is to happen... how much do they own now / do they own debt / equity / or would this had scuppered goldman sachs! http://www.standard.co.uk/business/business-news/yellow-pages-owner-hibu-fires-us-chiefs-for-plotting-a-buyout-8530912.html