||EPS - Basic
||Market Cap (m)
Alexon Share Discussion Threads
Showing 1101 to 1124 of 1125 messages
|Can't disagree Bob, the outcome wasn't unexpected, but it wasn't tidy either.|
|There goes Alexon - now a private company.|
|Looks like Sun European going to Buy the company.|
|Is that it then - someone will get the good brands very cheaply.
Cant understand why they havnt negotiated reduced payments or installments for rents etc earlier in the year.
Also why spend money on new offices?|
|quarter rent day on 29th sept|
Whichever you choose...|
inside knowledge? Or do you mean some analysis?|
|A lesson in how not to run a business.Was a holder but could see what was coming so took the loss.Check out how recently a fund raising was arranged,how the funds were spent and the current status.|
|As per usual looks like some inside knowledge...|
|Formal sales process? And pray, who will pay the wages and the quarterly rent on the 29th of September? The only onese who buy this kind of thing are Hillco and they come in after administration - check out Woolworths, rip|
|Missed this bit
"Indicative proposals to acquire the issued share capital of the Company were requested by Friday 16 September and as at that date one such proposal was received which the Board is currently reviewing before determining the next stage of the sale process. This proposal is at a significant discount to the current share price".|
|After the market closed yesterday, Alexon put out a depressing statement, which essentially means 'we are bust'.
"the Group is currently operating with limited headroom against its existing facilities and accordingly there is a clear requirement for additional funding in the short term as it enters the seasonal peak in working capital requirements.
In the light of this, the Company has also invited and received indicative proposals to acquire one or more of the Group's brands or provide alternative debt financing from a number of trade and financial parties. These proposals are currently being considered by the Board and the Company's advisers".
So, no Rights issue and no help from Barclays.|
|I see that the Independent, who broke the story recently I think, have listed the potential bidders for Alexon. All the private equity firms listed are outfits which buy assets from banks at a discount. There will be nothing left for ordinary shareholders. The shares are worthless I reckon.|
|Yes, a real shame. All that money raised has not helped enough.
You make an interesting point on the joint staffing - Eastex is the only business with a decent franchise - but split out it would be less profitable than I had thought.|
|FifthA, it will certainly be tough for Jane and the team to pull a deal off, not least since their concessions are often jointly-staffed (making splitting out one of the better brands, Eastex perhaps, much harder).
Shame really given the heritage.|
|Profit warning...new funds or bust. Can't see anything other than a nominal price for the shares being paid|
|Are'nt the rents due this month on all their shops etc? or is it October?
Could be interesting.|
|FifthA - would agree with you. Holding stock over 1yr old at a blended 35% discount feels too light regardless of the market climate. Assuming there is little value to their stock over 18 months old (its been through two 'sales'), they would seem to be placing only a very slight discount on the 12month old element.
Also feel the risk for this business is in the stock figure - too large a requirement for cash out each season vis a vis the amount of 'profit' they make. Not a holder, but would short if I could.
|not impossible that its been caused by the dumping of 5m shares by the Pru. Either way, agree 5p placing looks like on the cards. May even have to be lower.|
|looking like a 5p placing|
|Agree, but it requires investment, so can't go it alone. And they have been de-listed, or many of their brands have, from important Wholseale internet players such as John Lewis. No escape through the virtual portal I'm afraid.|
|AXN have a lot of retail business in Ireland and Irish retail is still in the middle of a mud slide. Can't be good.
I was looking/waiting for a turnarond story here but it doesn't look like it's going to happen imo.
They should push the internet harder!|