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Good to see the numbers joining group has grown. Looks like we have reached the 5% mark .
For those who havn't joined ? why wait do it asap and lets move onto the next step of our actions and save what we got left - AB must be accountable for what has done here , we cant give up without a fight .
allianze - i have joined the BMR watch group - pooling together seems the best way forward . i have a lot invested here and will do whats best to see AB and his cronies accountable for the disgraceful way they have crushed our dream !!
Still hoping we salvage something ?
BMR - How do we go about getting AB to answer to us shareholders ? what we actually needs to be done ? can we actually do anything - bemused as everyone else in this share - its painful to see this slip away when were looking to move forward with JLP on board .
Can we shareholders take him to court ?
can anyone advise if we are de-listed what happens to the shares u own ?
Also,what happened to the 3 stake holders who were waiting to come in ?
Going to loose big time here , still hoping we get a RNS which give us something to hang on to and get something back .
Hi to LTH's
Can any one shed any light on this Statement from April ? 30th June has come and gone and RNS ?
The company, which is swapping its debt for equity, said if the restructuring is not completed by April 30, it will default on its bond interest payable under the existing bond indentures.
Avanti also added that if it is unable to raise additional funds of at least $50 million and secure $40 million infrequently recurring revenue in pipeline by June 30, it would be highly unlikely that the company would be able to pay its creditors within the three months following June 30. (Reporting by Radhika Rukmangadhan in Bengaluru, editing by David Evans)
Highlights include: · Retail sales grew strongly at +38% on a reported basis and +31% on a constant currency basis · Solid UK growth of +18% in a more promotional market · Accelerated international performance with reported sales growth at +54% (constant currency: +42%) aided by the reinvestment of the FX tailwind · Retail gross margin down 40bps on prior year in line with plan · Continued engagement from our customers with active customers5 +29%, average basket value +3% and average order frequency6 +4% · Total orders shipped were 23.3m, +33% year on year · Transition to Eurohub 2 warehouse on track, US warehouse plans progressing · Strong cash position of £154.3m; supporting growth and enabling business investment
Pre Tax Profit is down but special divi to be payed ? Any idea which way will SP will go today ? Direct Line Insurance Group PLC on Tuesday said pretax profit declined in the first half of 2016 due to lower investment income and claims recoverable from reinsurers, as gross written premiums increased and it declared a special dividend. The FTSE 100 home and motor insurer said pretax profit for the six months to June 30 was GBP298.5 million, down from GBP315.0 million a year earlier. Direct Line said insurance claims recoverable from reinsurers produced a GBP29.4 million loss in the first half, compared to a GBP73.0 million gain a year earlier. Investment income, meanwhile, declined to GBP92.7 million from GBP111.5 million a year before. Gross written premiums in the first half grew 3.9% year-on-year in the half to GBP1.61 billion from GBP1.55 billion, driven by premium rates rising 9.5%. The rate rise was offset by an overall decline in in-force policies in the half, down 2.7% to 15,736. Direct Line declared an interim dividend of 4.9 pence per share, up from 4.6p a year before, and declared a special interim dividend of 10.0p. "I am pleased with our results over the first half of 2016, as we delivered an excellent performance against a very strong comparator from the previous year," said Paul Geddes, Direct Line's chief executive. "Although there remains a range of uncertainties in the macro-economic environment, we gain confidence from the strength of this performance, the transformation of the business and the approval of our partial internal model," he added