Member Info for zccax77

I bet PI's own less then 5% of the shares.

75% of their employees have be furloughed and all retail outlets have their rental payments deferred. Maybe their need cash to operate and hence the RI. They must have used up a large chunk of the £13.5m RCF.

Maybe they waited for the sp to rise and more certainty re COVID-19 and opening stores.

No RNS with terms before 8am on Monday, expect this to go below £1 or <£50m MC.

Plus its the BT pension fund, doubt they would not complete.

Not just the shareholders but the bond holders as well. They need to issue more MREL's by the end of next year as well, not going to be pleasant when they say 13-14% pa please, no doubt the BOD will scratch their heads and wonder why?

Two months ago they had an additional £13.5m RCF, so I can only assume they have burnt through that and the bankers have told them they need to raise. Strange when they will be getting £72m in June due to the property sale.

NOV, I think they are not disclosing full numbers every quarter mainly due to the cost and effort required to do so and the inherently risk of getting it wrong. This is another cost cutting exercise especially when it might be difficult to recruit good quality finance and risk staff based on their current reputation.

What I find strange is the auditors gave them a clean audit opinion, they did not write-off anything on the balance sheet, apart from what the new CEO kitchen sinked in order to reduce the future depreciation amortisation. I am still curious why he got sacked from his old COO gaff in Bermuda and why he got almost 100% support at the AGM.

Look at the expected credit loss provisions booked by the banks 0.5%-1.2%. Under IFRS 9 they have to look forward and take the hit today, so if these provisions are the worst we are looking at, I am not sure why we have to wait until 2025.

The same people who pay 18/20% on their credit cards / overdrafts.

What other mid level brands are there which occupy the same space as TED? All saints?

NOV whether you buy at 60p or 71p there is still a lot of value here when the paid in capital per share is £12. When the whole sector rises over the next few months, this will rise with it.

Theo have you ever tried getting a personal loan? You never get the 2.9% advertised, they always end up being 8%+

The BV of this is £200m, I think the prospect of being debt free has emboldered management to pursue this. Don't usually see companies raise more than the entire market cap.

With the proceeds from the property sale of £74m and this £80m, the company will be debt free.

Well atleast we had some positive news, Hill and his missus being taken to the cleaners for $12m.

Sounds like a snake eating its tale. I hope Hill reimburses the employees for investing almost all of the firms assets into this mess, talk about hubris.

ENA have realised the gulf between the valuation of MTRO and other peer groups. Why would they not close, dead easy to close this week with a big seller in the background.

Applied for a loan on Sunday and got the money in my account yesterday through Lloyd's.

Glad I don't bank with these clowns. Sooner or later the media will take a interest in the Twitter protests and then watch the scrutiny.