485 days ago
Eight Capital Partners (ECP) shares remain suspended as a result of my letter to the Financial Reporting Council about its inappropriate accounting treatment of its investment in the 1AF2 Limited bond described below in Eight’s RNS of 3 July 2023:
588 days ago
There is another update on Cineworld’s (CINE) debt for equity swap and its hopes of emerging from Chapter 11. I wonder what sort of moron is buying the shares today, for some morons are buying.
2538 days ago
Avanti Communications (AVN) the drowning in debt satellite operator, has today admitted that if it does not restructure its borrowings it would be unable to service them. Hence there is a shareholder near wipe-out debt for equity swap planned.
2825 days ago
When Aussie Poltroons Slater & Gordon spunked £649 million to buy the worthless fraudulent assets of Quindell (QPP) circa two years ago its shares were A$8. They have crashed another 30% today to just 7 cents putting S&G in the 99% club. The signs are growing that the end is not just 90 days away (when it must conclude a debt for equity deal with its banks) but perhaps rather sooner.
2829 days ago
Oh dear, oh dear. This is not going to make the debt for equity talks Slater & Gordon (SGH) is engaged in to stave off bankruptcy any easier. The Government has published proposals which will screw its UK personal claims business, effectively making it worthless.
2838 days ago
Oh dear. Oh Dear. Another trading statement from Aussie law poltroons Slater & Gordon (SGH) and it is grim all round. The shares - A$8 when the fraudulent businesses of Quindell (QPP) were bought - are now 20 cents. And they will go far lower IF a debt for equity swap is agreed and that is the best case scenario. The Rob Terry Quenron businesses are now shown as worthless, another day of V for Vendetta, Vengeance and Vindication for the Sheriff of AIM. Crack out the ouzo and make mine a large one!
4318 days ago
Russian Oil Producer Ruspetro (RPO) has announced a partial debt for equity swap and refinancing of its remaining debts. This is good news. However before those who ignored my advice to sell at 83.5p on 4th January after an almost comical well after hours profits warning start to celebrate this company still faces serious issues. The shares have bounced back to 49.5p but while they are no longer a short I would still regard them as one to avoid.
The profits warning was release, as you may remember at 6.30 PM on the Friday of New Year week when nobody was meant to be noticing. Coming less than six weeks after an upbeat trading statement it left the management team with zero credibility and it will take an awfully long time for that to change. I flagged at the time that the company had serious balance sheet and ( lack of ) free cashflow issues and the latest announcement partially solves that.
