Member Info for shatter

Hoping for a sale but not convinced by the lacklustre share price.

Prelim results May/June time going by the last couple of years. Was looking quite upbeat last year but seems to have stagnated recently. Not far off the 5’s 🫣

Loss of Future Appreciation: If the property value increases significantly in the future, the company will not benefit from that appreciation, as they no longer own the asset.

Long-Term Liability: The company is now obligated to pay rent for the term of the lease, which is often a long-term (10-20+ years) commitment that can strain cash flow.

Operational Risk: The company no longer has control over the building and must adhere to lease terms, potentially limiting future flexibility if the company needs to expand or relocate.

Increased Operating Costs: The rent payments may, in the long term, exceed the cost of traditional financing.

Impact on Valuation

For Investors: A sale-leaseback can be seen as a positive, proactive management of capital. However, some analysts may view it negatively if they believe the company has stripped itself of essential assets to cover operating losses.

For Future Sale: If the company is to be sold, the property will not be included as a sellable asset, which might lower the overall value of the company alone, though the cash received from the leaseback may compensate for this.

In summary, a sale-leaseback is a strategic trade-off. It often improves a company’s short-term financial strength and liquidity at the cost of long-term property ownership and future rental obligations.

Sinking without trace…

The Orange man has done it again.. I am down around 10% across the board since this debacle started. Cuba now appears to be on his radar!

Not so sure this is going to be over in 4-5 weeks!😩

Only 2 weeks left to the deadline. Of course they could extent it again but this has been running from last year so hopefully they will put us out of our misery soon. Asartara and Hailes I agree with your figures.

Even with the extension this deal is anything but a done deal. Another company I am invested in is Oxb which private equity wanted ,but, even after an extension it didn’t materialise and dropped like a stone last week.

The only difference here is that the sp seems to be holding steady in a fairly tight range and the major shareholder appears to want out. The sp has gone nowhere for years so a £2.75p bid in my humble opinion should be acceptable.

Just try and enjoy the ride. If not happy with the 💩 being talked use the filter button.

Maybe not such a bad top-up. This was in the £7’s a few weeks ago prior to discussions. I really thought that it might drop a bit further but thankfully I was wrong . So far so good.

A bit healthier looking today..

That offer would make sense and the market adjusted the share price accordingly on the 16 Jan. The sp was over the £7 at that point so not much of a premium. As much as I wanted a sale that would have been giving it away.

This was around the £7 mark pre this debacle so a bit of making up to do. Always a volatile share so wouldn’t be surprised to see mid £5’s in the short term.

As sterling so rightly said the orange man might also have a detrimental effect with his discombobulating in Iran.

Those in the know have made a tidy sum. That’s life🥳

Agree with Sterling ….should have sold at £9.00…🥴 hindsight is a wonderful thing .

That’s it in black and white..

Are we getting another extension? I know Oxb have until 5pm but if talks were dead, why not inform the market? The last extension RNS was released at 3 pm.

Should the sale proceed, it could be a low ball offer when you see the current SP.

Hoping to go car shopping but might have to put that on hold😩

A bad day at the office…hopefully if no deal this drop is built in. Thought we might have seen the £6’s again if no deal but not this early.

Would have been helpful if Oxb were a little more forthcoming . If this comes to nothing the major investors will be locked in like many of the pi’s for the foreseeable.

Oxb haven’t said the deal is off ! If EQT had pulled out they would be obliged to inform the market immediately I would have thought.

Down nearly 10% this morning after positive results which were widely expected would perhaps suggest that the market suspects that this sale is not gong to succeed.

To be honest it’s a complete mystery at the moment. We will find out shortly..🥴

Hindsight..it’s not missing the boat, it’s human greed and we are all guilty of that. The orange monkey with his tariffs isn’t helping either!

If there is no deal we will just have to hang on for a year or two and we should see the 9’s again. Should be profit making this year, which has been a long time coming, but could also see interest from others. Keep the faith.

I suppose everything has been said so it’s just a waiting game now. Hope it’s a straight sale and not a

property sale and leaseback to free up funds in the short term.

Some 💩 talked today.