Member Info for schwee

Clearly it is a choice between bankruptcy and total shareholder dilution.

P/E is only 10 if the bad stuff is ignored. In reality it is nearer 14.

Stuffed full of cash, so ripe for a takeover. Schroders perhaps now that they have retired the non voting shares.

But LLOY bought shares back before the financial crises and had to be rescued by us mug taxpayers. NAV is down from 57p to 51p. FCA nuts to allow buybacks.

Yet again, it cannot show prices this morning. This is not a one off and it matters because potential issuers will go elsewhere if resilience is not built into the plumbing.

And still it is buying back its own shares. Doubt if the shares are worth more than 30p.

After results this morning, nearer £4 IMHO.

Jax,

The dunces fighting for the bottom place in the class.

The flat SP says it all really. The LDI blow up sealed his fate. A new CEO is needed to see if anything else is hidden in the undergrowth. Only then will the SP recover.

As they say in France 'confiture demain'

NewGen seem clearly to want out as they do not appear to want to extend and pretend their loans or take a haircut. Easiest way out is for RMM to have a rights issue and open offer, followed by a new CEO.

Edward, Who are these less than 4 p/e companies?

The missale of LDI.

Bang on the mark Eccles. My take on LGEN is that their pensions business has lost all credibility after the LDI debacle. Share price will probably just bump along until the fine is agreed, which when it happens will see the removal of the CEO pour encourager les autres etc etc. Then a new broom can rebuild but it will cost.

Town seem to have given up on he buyback. It does seem odd that on the one hand the latest proceeds from sale of £12m are being used to reduce debt, yet on the other hand share buybacks increase debt,

High risk share with its acquisitions and now wanting to employ 1000 more staff. Only bright spot is that the burdensome lease liabilities are in decline.

Very disappointing results. Share buyback was an idiotic decision.

Yes, the cash flow statement is pretty damning.

Everything just rolled over for a year. Hardly a vote of confidence. Lenders probably think they will lose less by keeping COST on life support, rather than letting it go under.

Huge liabilities still to be satisfied from these acquisitions., though recent capital raise will help. Accounting is a nightmare of deferred income/contract costs. Hence Berenbergs focus on cash flows.