Member Info for Rock8

Sorry not you ‘they will have announced....’

By then you will have announced the refinancing.
Sadly there was no bad news last week but the company allowed others to spread misinformation by not making it clear enough.

How you you work that one out.
You are a fantasist.
Absolute bu....t

2k less than forecast in Dec 20.
65 to 63

They now have even more cash tied up in this shareholding so it is be decided soon.

LG will either buy ITV or ensure we all secure a much higher price from another party.
No longer fear LG as it’s now a win win scenario.
Relax

Shorts above 5% still @ 7.08%.
Speaks volumes

Confirms the last 3 months

I think it's zero chance.

If it was later in the year then it might have something to do with their o2/VM merger but it's too early for that and it was not part of the merger deal anyway.

I would guess either LG plan to sell it to someone else or more likely use it.
The remaining GS stake? - no idea.

If other shorts closed it also makes sense as they were probably using the LG stake lent to GS.

I assume LG called their shares/options back.
They were only on loan toGS.

That's not what they suggested at the CMD prior to Xmas?

...............so I assume they also need to sort the $650m due in April 2022 first?
So they are seeking a longer term solution that takes time.
I am sure they are looking at all options.
If they succeed that would be great news.

'Net debt is $2.4 billion and Tullow warned in September that it could fail a liquidity test as part of a redetermination due this month of its $1.8 billion reserves-based lending (RBL) facility.
It needs to show it has, or will have, sufficient funds to meet all its financial commitments for 18 months, a test it risks failing because $650 million of other debt is due for repayment in April 2022. Failure would put it at risk of defaulting on RBL by this April.
Tullow said that it had begun “discussions with its creditors with regards to its debt refinancing options” and had agreed with its banks to delay the redetermination by up to a month. It said this would allow for “additional time to review the business plan and operating strategy” it set out in September.'

...first bid was in 2006 (just after foundation) actually.

Remember the world/market values ITV at 106.5p per share tonight.
Add the usual 35% bid premium and we get 143.78p!

Possibly but that’s irrelevant.
It’s worth exactly what someone else will pay for it.
That’s why it needs to be competitive - at least one other bidder.
That bit is in the hands of the gods - so to speak.
Just IMO

I don’t believe ITV a management would walk away from any reasonable any bid but they will try to secure the highest possible.
But I don’t see any possible bid being any more than 145-155p at this point without some competition.
That would leave many PIs unhappy but sadly that won’t make much difference.