Leadcom Integrated Solutions Share Discussion Threads

[tradermania] 29/7/2010 16:33

PapalPower how come you start threads where companys go bust. HML is not far behind.

[pelleeds1980] 08/7/2010 08:57

Halifax just sold my holding for me - got a whole 2p back!

[nabcom] 14/11/2009 18:54

Released by

ETFS Lead (LEED)

ETFS Short Lead (SLEA)

ETFS Leveraged Lead (LLEA)

[loverat] 22/6/2009 22:27

Yep looks like PP can be dumped along with his garbage stocks.

[studhaves] 22/6/2009 21:43

PP - you really are a prize tit.

[ssvsjs2] 13/6/2009 18:34

whats happened to mr 19p average papelpower.dont tell me at the last minute sold to breakeven just didn't mention it...plonker he can never coe back as pp...lol.

[pelleeds1980] 29/5/2009 11:06

Just had the corporate action to say delisting from Uk. Maintaining listing on Tel-Aviv SE.

[egoi] 27/5/2009 16:42

LEAD is not typical of good AIM stocks, of which there are plenty imho, though most in my experience and I suspect, and certainly not wishing to be xenophobic, are U.K. companies with U.K. roots.

LEAD has been on the skids for a long time now and the last rites are imminent not just for its AIM membership but for LEAD itself. I warned people about this company along with loverat and others but some posters failed to listen. Lights out soon imho..

How can this be, you rearrange previously broken covenants in Feb and March and by end March you've broken some of the new ones already.

That's not about AIM, that's about truly abysmal management in my own view

'.............

NOTE 1 - GENERAL INFORMATION:

Breaching financial covenants as of 31 March 2009

As part of the Company's agreements with certain leading Israeli banks and a foreign bank (hereafter - "the Banks") for the provision of credit facilities to finance the Company's ongoing operations, the Company reached a new arrangement with the Banks, during February and March of 2009, which included the Company's provision of letters of undertaking to the Banks (hereafter - 'the Letters of Undertaking'). Under such Letters of Undertaking, the Company undertook to adhere to certain new financial covenants (the new financial covenants updated previous financial covenants that were valid until 31 December 2008 and were breached since 31 December 2007), the breach of which entitles the Banks to demand the immediate repayment of the outstanding balance owed to them by the Company. Additionally, the Company created a floating charge on its assets in favor of the Banks.

As of 31 March 2009, the Company is in breach of part of the financial covenants, which entitles the Banks to demand the immediate repayment of the outstanding balance owed to them.

The Company carried out initial discussions with the Banks in order to receive their consent to revise the financial covenants to such the Company will be able to comply with and/or to receive adequate waivers from them. As a result of the initial discussions with the banks the Company's management estimates that the Bank will provide the aforesaid consent, which would prevent the immediate repayment of the Company's outstanding balance owed to the Banks and allow the Company to continue its operations in their current form. Notwithstanding, there is no certainty that the Banks aforesaid consent shall be received...........'

And why should the banks renegotiate yet again imho!!!

[haywards26] 27/5/2009 16:11

Another truly shocking set of results. Qtr 1 another significant loss and significant negative cashflows. How did the management get the business into this state? The acquisition of Ytelcom has cost all shareholders dear. It should have also cost the board and senior management their jobs. They have taken a growing profitable company and bought what appears a dud and run our company into the ground!! Month upon month of losses and no sign of any recovery or improvement despite their actions.

Now after this they are shafting UK shareholders by delisting for AIM and only continuing English reporting translations for two years after delisting. GREAT another example of AIM and why I would be loathed to touch any other AIM companies with a bargepole!

[loverat] 30/12/2008 16:35

All the best to you. I sometimes invest in dustbin stocks too but always make sure I bank my profits. I hope you do too.

[loverat] 30/12/2008 09:31

Oh dear!

Things don't look too great here. Could this be the next one for the dustbin?

[lqs] 15/12/2008 23:49

The shrewd investors knew to avoid this because of the size of the debt. Poor PapalPower (Proselenes) just didn't get it. Out of his depth. What a disaster.

[lqs] 12/12/2008 13:23

Proselenes - 12 Dec'08 - 08:38 - 226 of 229

lqs, there were no posts "scolding" anyone, this is just your lies

No I remember it clearly. You were saying stuff like "those people selling at 65p are making a big mistake" etc etc. That was just before the profit warning.

Why cant you just admit it. Do you have no shame?

[egoi] 12/12/2008 10:04

Missed that PP, but why would they resign?

Sorry I have had to expose you again though; but a lot sorrier for people who have lost money on this dreadful investment over the years.

[proselenes] 12/12/2008 09:49

Egoi, considering both announced weeks back they would step down (from the board only) in the release on 28th Nov.



:The Company's prospectus covers the listing of the Company's shares and debentures on TASE, and contemplates the listing of 120,389,200 Ordinary Shares of the Company, nominal value NIS 0.001 per share, as
well as its Series 'A' debentures with a nominal value of NIS 125 million, issued on December 26, 2006.

Upon the listing on the TASE, both Arik Alcalay, CEO and Eytan Mucznik, CFO shall resign from the Company's board of directors."


So given its old news........are you now attempting to say its new news and a nail in the coffin ?? LOL.



egoi - 12 Dec'08 - 09:19 - 227 of 227

Edit: Just seen two key board members have resigned. Another nail in the coffin?

[egoi] 12/12/2008 09:19

Out of the market in January Proselenes and warned everyone of the imminent collapse?

Proselenes - 12 Dec'08 - 00:44 - 224 of 228
LOL, I was out of the markets in January, and warned everyone of the coming collapse.........

Yet you posted this on another site in July 2008.

'Papal Power:
Jul 31 2008, 05:24

I may be rose tinted with Leadcom, as I have a significant holding which is at 19 pence average levels but I am expecting them to turn it all around, and recover strongly from here on in. As was noted in Q1, the benefits will be seen of the changes in Q2 and Q3, and Q3 onwards should see the biggest "gains" from the restructuring.....'

Stewpot, anyone that breaches banking covenants and especially for this long and in this climate, has little chance imho.

It may be the Isrealis will stump up funds to keep the company limping along for a while more, but I would not invest in that amount of risk myself, when there are decent U.K. companies making profits and with decent balance sheets on lower market caps.

And if the quote is only in Israel, I fear it may be very difficult to sell your shares here.

Infact, sad to say, I cannot see a single redeeming feature that would make me want to invest in LEAD right now.

Edit Edited lol; as I gather they had pre-announced their resignations. But why would they resign now?

[proselenes] 12/12/2008 08:38

lqs, there were no posts "scolding" anyone, this is just your lies.

And if you remember, the share price dropped to 45p but then back to 65p.......even those SB's (taken at 55p) showed a profit.

Head in the sand, yes sadly, many people like you resort to lies and other spin to try to justify your own ends and needs.

Some of us simply get on with life and stock trading, and making money !! :)

[lqs] 12/12/2008 07:55

I wish I had kept a copy of the posts when PP was scolding people for selling this share at 65p. He was saying what a big mistake they were making.

I remember LEAD issued a profit warning and PP boldly announced the drop was overdone and he had taken out some spreadbets to go long. Well the spreadbets lasted 10 minutes before they were stopped out. Talk about head in the sand. Painful.

[proselenes] 12/12/2008 00:44

LOL, I was out of the markets in January, and warned everyone of the coming collapse.........I think you lqs and your Chinese share ramping friends are the ones who are being taught a big and very painful lesson :) LOL :)


lqs - 11 Dec'08 - 15:15 - 222 of 223

egoi
I remember you did that. Amateurs like Proselenes are being taught painful lessons in this market.

[stewpot2] 11/12/2008 19:56

Yep, spot on egoi. Do you think they will survive?

[lqs] 11/12/2008 15:15

egoi
I remember you did that. Amateurs like Proselenes are being taught painful lessons in this market.

[egoi] 11/12/2008 15:02

Proselenes perhaps now you see why I warned you about the dangers here over a year ago about banking covenants; oh and I even posited weeks ago;

egoi - 21 Nov'08 - 14:03 - 209 of 220 edit

Stewpot I see they are planning to list in Israel. My guess is that this is an attempt to raise funds from Israeli investors having failed elsewhere (I'm not sure if they are still in breach of banking covenants - I haven't seen anything to suggest otherwise, and if they are it could explain why imho) and a precursor to them quitting the London market altogether.