From the RNS yesterday
'Although the form of the deleveraging plan remains to be finalised, it is likely to involve the conversion of a substantial proportion of the Group's external borrowings into new equity, an element of which may be sold to existing shareholders and potentially other investors. If implemented in this form, the deleveraging plan could result in material dilution for current Interserve shareholders.'
This type of 'expert valuation' always happens with once 'big' companies that end up in the s**t.
If you know your kids TV from the late 70's/early 80's I call it Johnny Ball trading
I think the horse is already in the next field
and how much actual profit is a £25M contract...£1M maybe £1.5M at a stretch but I would guess the margins are less than 5%.
Whether IRV goes bust is another debate. People are spooked as the equity is going to be diluted to f**k all
I see the lessons of Carillion were not learnt...
It's a buying frenzy......
Admin costs are a joke for this company.
the loan costs are starting to mount up as well
They'll need another fund raise soon. Depends what price they can get it away at.
Then its down to the business to perform.
what more do you want.....Modern Water has just been given the award of 'Global Partner in Clean Technology'
If that's not worth 10p on the SP then I don't know what is.......
Thanks to Norbert C from ADVFN
https://www.modernwater.com/images/Post-H1-Investor-update---Oct-2018.pdf
the interesting bit will be who takes up the excess that I assume will now be on offer. My guess is Sunup will hoover up most of these if they can...
and they are a Director as well...
progressed well by cooking the books.
A fraud case if ever I saw one, especially with the CFO doing a runner
with lots of spare cash...
Wondering when MWG would get into SA. As always it is about the money it makes, but you have to be in it to win it.
The 11p OO was proposed in August/September. The 9p amended version was officially released in a RNS so I highly doubt it.