Member Info for shamI89

That would dilute shareholders heavily. So first they will dilute shareholders through rights issue and then lenders would convert debt to equity which would be at significant discount to share price as well .

I would be happy if they announce the price even if it is low teens.Share price has lost nearly 40% value since yesterday and we still don't know the price.Lenders have an option to convert debt to equity and that won't bode well for private investors either.

has killed any sustainable rise, mentioning Rights issue was enough to scare private investors, if he wanted to raise capital and should have announced the price.Right now in this moment of uncertainty everyone is playing guessing game and rights issue has to be at significant discount otherwise why would somebody them. He took a gamble on BT assets and that is costing us private investors.

On price of oil now, price is stable around 44/45 level but share price is going nowhere until they company announces conditions attached to rights issue.If it rises I think it will rise to 30s pre rights issue!

Problem is in these sort of conditions these purchases could be game-changers.I remember Premier buying EON north sea resources and that turned out to be a really good decision.

It would be dilutive to share price I am 100% sure.But problem is too many people would be jumping in to grab a "bargain", so we might not see it 40s or 50s until situation becomes clear but we will definitely see 30s .All my opinion

Rights issue is not looking good for shareprice , right now price of oil would determine the share price.However give it one week and nobody would be talking about it.I remember International Airlines admitting that they are looking to raise 2.5 billions via rights issue, share price hit 1.5 and five days later it was trading at 220.It is hard to predict share price.

Price of oil now which is stable around 44/45 level at present.I am surprised to see it trading around 27 level after announcement this morning, so may be market is bullish about price of oil.

Candy brothers wanted to shaft shareholders from the start, since they have bought company's debt, they are entitled to take over its assets in the case of default and that is what has happened here. Company needed to have a listing to raise funds to the production stage and shareholders have financed it.Right now company is sound operationally and it is generating enough cash to pay off 120 millions in couple of years. Candys would get an asset which is worth much more than their debt at the expense of shareholders.

700 million figure is being mentioned but net debt is rough 1.1 billions and current profit is expected to be 60 millions.Problem is in these sort of companies all it takes is one wrong contract and compnay could be in loss. Capita has probably another six months to sort out its mess.

Got a feeling that he has been brought in by pension trustees and lenders to turn buisness around. All three divisions are solid profit making buisnesses and he would be aiming to increase profitability to reduce pension defecit as well as increase shareholder's value. Results next week should be interesting.I can see a pattern emerging as under previous management company was about to collapse and Wipac was drainging company's resources.First they got rid of wipac , then have reached an agreement with Bank and pension trustees and now have brought in new chairman.

Pension deficit and bank leaning facilities were main issues which could have brought business down.Right now we have three solid businesses which were generating healthy profit before Corona hit.So we were looking at about 10-12 yearly profits and let's see if they can grow that.

I have managed to get 4k worth of shares at 8.88 and I am really happy with my purchase.

Great news for shareholders as sorting these two issues was vital for survival of this company.I will see if I can any shares around 9/10 mark today.

Rights issue looming ahead and news can land next month

It has already been voted through to the delisting , you should not be investing if you dont know these basic things.

That people are still buying these, once these get delisted shares would be worthless unless company decided to come back and it is highly unlikely to do so.

be trustee remember last time he tried to entice everyone is by using "bumper" covid sales and no figures were given in the update.Lets see what happens this time.

Not really , they have engaged four banks to raise 1.5 billions Reuters is not an ordinary source but we will find out soon .Company should have denied or confirmed it and right now their silence tells me that it has something to hide.It does not bode well for shareholders.

That BOD has not issued a statement regarding media speculation about rights issue.If it going ahead with it then it is creating a false market now.