African Battery Metals Share Discussion Threads

[dewtrader] 30/10/2013 08:35

thanks enfrang.

But seriously the banks will want their pound of flesh and December is almost upon us so nothing will be moving this year, so next year could see some dark days and the axeman cometh
Could still get a prepack and then these will be suspended and worthless so very risky

[enfranglais] 30/10/2013 08:22

dewey - hope it works for yer m8!!
Expect the day traders will pile in here & my £50 long is up 8 pips & the 40k plus shares are up 20%, so not complaining - but more to come (only in my opinion though)!!!

[t 34] 30/10/2013 08:14

chart bullish,pointing much higher.

[skinny] 30/10/2013 08:04

Back in auction. +10.6%.

[dewtrader] 30/10/2013 08:03

lol, edited for your benefit and you convinced me

[enfranglais] 30/10/2013 07:39

dewtrader - toosh, toosh, if you are caught short, make anything you like up to suit your ends eh?
There is no such announcement & if that was the case, it would have been reported in the rns!! Naughty boy you, go to the corner of the class & wear that pointy hat!!!
Could be that my long at 32.8, will be showing me a profit by the end of the day & happy with the 30k additional i bought at 31.8 - bring it on!!!!!!!!!!!

[skinny] 30/10/2013 07:07

Albemarle & Bond Holdings PLC, the specialist retail financial services provider, today issues a further update in relation to its financing and trading.

The Board is pleased to announce that it has now agreed with its lending banks a deferral of the Company's covenant testing dates until 3 February 2014, the tests having previously been deferred from the original date of 30 September 2013 to 30 October 2013. This follows continued constructive and supportive discussions with the banks. As at 25 October 2013 the Company's net indebtedness stood at £49.9m compared to its revised £53.5m banking facilities.

The Board continues to explore all options to maximise value for all stakeholders whilst resolving the current financing and banking covenant issues. At the same time, Chris Gillespie, the Company's new Chief Executive Officer, and Colin Whipp, the new Chief Restructuring Officer, are making good initial progress reviewing operations. The Board will provide a further update on its plans as soon as it is appropriate and will release the 2013 final results as soon as is practicable thereafter.

As previously reported, trading in the Company's markets continues to be challenging in line with the trading patterns referred to in our announcement of 30 September 2013.

Chris Gillespie, Chief Executive, commented:
"Today's further covenant testing date deferral agreement is testament to our constructive working relationship with the banks and to their support while we explore a range of financing, strategic and turnaround options.

"Since my appointment as Chief Executive, I have been focusing on operating our retail estate on a business as usual basis whilst considering the future strategic direction of the Company. Colin Whipp and I are also considering turnaround actions to improve trading performance. I am encouraged by the quality of our stores, our offering and our people and am confident that there is a sustainable and competitive future for the business."

[enfranglais] 29/10/2013 10:38

mi passa de window & closed too - could be to do with the recent weather - lol

[quepassa] 29/10/2013 10:14

Cash Window still not taking new business.

QP

[enfranglais] 29/10/2013 09:47

All but one were buy's yesterday on ISDX at 42.5 - funny how some trades go through the main & some through secondary market - depends what mm's want the share price to do i suppose.
Anyway, added to my purchases yesterday, a small long at £50 a point.
If it drifts a couple of points, not too expensive but if we receive the new relaxed banking covenants, it could easily rise 50%!!! My target is 65/68p short term, so bring it on!!!!!!!!!!

[enfranglais] 28/10/2013 08:56

Bought another 30k this morning - will we get an rns about revised bank covenants this week?

[cascudi] 28/10/2013 08:09

sounds positive news to me



Elsewhere, listed pawnbroker Albemarle Bond looks set to receive a lifeline from Barclays.

It is understood that the bank is willing to give it new, relaxed debt terms and allow its management team time to come up with and implement a rescue strategy.

Earlier this month Albemarle saw its £35 million fundraising collapse, leaving it perilously close to breaching its £51 million overdraft.

[enfranglais] 28/10/2013 07:23

QC - now don't be a snob m8 - yer no Saint yerself if i might say so.
Remember, banks are large & very leaky businesses - they have been leaking shareholders & recently public money for ages!!! lol

[simon templar qc] 27/10/2013 22:06

Interesting but there would be more credibility if it was in the Times or Telegraph but coming from the Express well wait and see. Not saying it won't happen but where has the Express gotten the information from? These things tend to be price sensitive and not easily leaked out that is why I am a little suspicious.

[t 34] 27/10/2013 20:11

might be .

[enfranglais] 27/10/2013 19:08

Boooooooom?!!!!!!

[zendik] 27/10/2013 11:36

Elsewhere, listed pawnbroker Albemarle Bond looks set to receive a lifeline from Barclays.

It is understood that the bank is willing to give it new, relaxed debt terms and allow its management team time to come up with and implement a rescue strategy.

Earlier this month Albemarle saw its £35 million fundraising collapse, leaving it perilously close to breaching its £51 million overdraft.

[t 34] 25/10/2013 17:53

small volume today ; some were accumulating yesterday.

[enfranglais] 24/10/2013 10:44

EJ - de-rampers shi£?
QC - last time i looked, it was still QE2!

[t 34] 23/10/2013 19:31

Restructure underway ; good volume today ; chart looks like is going up ; nobody will want to cause any damage to profitable business.

[simon templar qc] 23/10/2013 17:44

RNS after close.

Non executive reigns immediately suggests the company having to make brutal cost cuts.