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VLK Vislink

17.375
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vislink LSE:VLK London Ordinary Share GB0001482891 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vislink Share Discussion Threads

Showing 10576 to 10595 of 10825 messages
Chat Pages: 433  432  431  430  429  428  427  426  425  424  423  422  Older
DateSubjectAuthorDiscuss
08/7/2016
21:23
yasX
"Thus, the banks know that the only way forward to ensure they are repaid is to relax covenants or to alter terms of the same,"

How many years have you spent in banking lending to companies ?

Zero I would think. so maybe you should alter your wording to "my guess" etc etc

----

Banks when they are owed money and limits are broken call the shots....and they are businesses.....and often do NOT say ' ah, take your time, want some more wanga, is this wadge enough, and come back next week as well if you want'

In my view they are perhaps/probably the driving force pushing VLK to make redundancies. Clearly there have been communications...and bank will have been looking at the numbers...

my guess is that bank will be pushing co. to obtain real cash...as I wrote...via collecting receivables...and selling inventory..

and imo selling inventory with discounts is likely...and noting the use of the word "obsolete"

(banks are of course not so keen to be Mr Nice when the word obsolete is around...
and recall the bank debt is 9M and short term liability...re.payable within 12 months from last accounts date...unless since altered to long term (I doubt it)....

Its a big chunk of debt wrt the VLK numbers imo...most backing for that debt is receivables and inventory...and if inventory value is halved at a pen stroke due to obsolete....then not so good

my guess is that cash raising might be needed via a share issue....unless can collect a big chunk of money via receivables or inventory sales and I personally doubt it...the 2 numbers were big the year before as well...

If the bank says 'do a share issue or else', if covenants have been broken, then 99% likely imo that co. will do a share issue !!
even if the PIs dont want a share issue at a low price.
If you have broken the terms of the lending then you dont have much power to resist. Unless find cash elsewhere, but that seems tricky. I cant see a high price (or any ?) for VCS noting it has been laying off staff.

smithie6
08/7/2016
21:06
"yasX 8 Jul'16 - 12:47 - 8888 of 8897 0 0

A debt for equity swap is not likely since the lender remains supportive."


....you are driving on 3 wheels my friend !

I already gave you a reply about bank and debt for equity swap....you idea is miles off any sort of reality....see my earlier post.

smithie6
08/7/2016
21:02
"MrMark01 8 Jul'16 - 14:20 - 8895 of 8896 0 0

unlikely to go bust. still forecast to make over 2m net profit this year.

going concern"

"still forecast to make over 2m net profit this year."

not sure the dirs. agree with you.....they have laid off even more staff...following on from last year...and the year before that ..imo !

(a net profit in VLK terms often means a loss anyway in real accounting !)

smithie6
08/7/2016
13:20
unlikely to go bust. still forecast to make over 2m net profit this year.

going concern

mrmark01
08/7/2016
13:01
lenders backing them so dont think so
colin12345678
08/7/2016
12:51
In for the Bounce way oversold guys
colin12345678
08/7/2016
12:04
Good afternoon..

Likewise.. I have taken a small stake here..

Best of luck..

saffy..

safman
08/7/2016
11:47
A debt for equity swap is not likely since the lender remains supportive. The Company might have to raise cash, but not a substantial sum.

But, I am merely in it for a short term trade so the long term outlook is not relevant to me.

yasx
08/7/2016
11:46
NumptySmith,

How exactly do you think the Company will raise sufficient cash by equity issuance with the shares where they are? What do you propose? A raising at, say, 5p? How much will that generate, even if they were able to get it away which is not a certainty.

Thus, the banks know that the only way forward to ensure they are repaid is to relax covenants or to alter terms of the same, and Vislink with a revised focus can reduce the cost base of the Group and focus on a more efficient strategic direction as indicated earlier this week.

yasx
08/7/2016
10:02
Yasx
With respect..your post is very illinformed imho

Debt for equity ?!
Dream on. Banks deal with cash. They give out cash and in 99% of cases want cash back + a profit. They dont want shares or products of the borrower.

But a competitor might phps be willing to buy the debt at x pence on pound then call in the debt to get control of VLK. Perhaps.

Bod will be busy trying to generate real cash.....selling inventory ( at discount to move it imo)....calling in receivables....trying not to pay payables !....

What happens in coming wks ( & bank's mood) partly depends on results of that imho.

A cash raise by issuing new shares looks an obvious target for dirs imho.

Wobbly times. imho cannot predict with any certainty.

In the process the word used by bod of "obsolete" indicates its not all 'plain sailing' for any actions.

---

At current share price it is perhaps a classic risk/reward case. An RNS could cause share price to move quickly up or down. imho. But such RNS could be at 07:00 & opens/rises 50% !
Not for me.

Falling knives. Can be appealling to try catch one..a 'bargain' ...but often falling for a reason & sometimes keep going.

smithie6
07/7/2016
20:29
Cheers for the ED note...

I think if you are already down heavily on this as am I, might as well ride it out now.

mrmark01
07/7/2016
15:28
I'd say doomed with the current management team at the helm, as they've lost all credibility. The fact that banking covenants have been extended by a month suggests that they will be undertaking a placing or fundraising quite soon.
imranawan
07/7/2016
15:14
can anybody comment on ed note- is there hope of this company coming back to life or is it doomed irreoerably
ali47fish
07/7/2016
14:48
New research out this pm from Equity Development

www.equitydevelopment.co.uk/doc/1506.pdf

brummy_git
07/7/2016
13:07
Smithie,

In the event there is debt for equity restructuring then holders of equity may well get wiped out - but, there is no immediate sign of that, not least because the lender is affording the Company until June and relaxing the issue of covenants until that point. Hardly the case if the lender wished to get their hands on Pebble Beach...

yasx
07/7/2016
12:55
I disagree.
Pebble Beach has a value but if bank calls in its loans then they own everything incl. Pebble Beach. With zero to shareholders.
Bank has no choice but to try to help co. stay afloat....but I do NOT think it would be willing to put in 1 more penny. Not 1. Bank will want co. to reduce bank's risk....by collecting receivables etc.
Real fin. situation imo we dont know. Cost of lay offs of 26% of workers ?! If bank cant pay that nor the co. ...I assume sacked workers could issue a payment demand....risk of administration if co. cant pay. No ?

So, logic says that surely the bod will try to do a share issue. Would Kestrel back it ? Bob Morton ? (Lost a packet, his trust in the bod must surely be about 0/10)
If it is in reality a desperation cash raise then one assumes that funders would want their pound of flesh to make the risk attractive. Cheap price +. 1:1 warrants ? 1:2 ?
Funders insist on new bod ? Incurrs an extra cost for departing execs. when co. has cash problems.

John Hawkins. What a mess he has made of it imho despite claiming he was a super hero. Appears that all the >3% holders believed him, I doubt they do now.

smithie6
07/7/2016
12:39
Covenants have not been breached, and the lender appears to have stayed matters until the following month. They are apparently supportive, though that is not always to be taken as sacrosanct.

The Board appear to be migrating towards software, and it is clear that Pebble Beach is performing well: "The activity levels are strong both direct with customers, prospects and through our partnership with Harmonic. It is expected the division will meet management expectations for the full year. With its extensive global customer base and highly regarded broadcast solutions, the long term growth for PBS remains strong"

The warning comes as a result of a downturn at Group level, but, by moving away from these sectors to those that are likely more profitable and with greater visibility, coupled with associated cost reductions going forward, the fall might be overdone in the near term.

The Board are a liability, but that update yesterday in itself does not justify the magnitude of the fall since thereafter.

yasx
07/7/2016
12:30
Good old Bob - another of his walking wounded! fundraise anybody!
targatarga
07/7/2016
12:20
Think of the debt as well as the market cap.
elsa7878
07/7/2016
12:16
This all looks grim. I was seriously thinking of adding more at 30p !
The Pebble Beach business must be worth more than VLK's market cap. of £16 million. Will its profits not service the group's borrowings for a few years ?

varies
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