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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Discover Les. | LSE:DISL | London | Ordinary Share | GB00B19GK384 | ORD 0.70P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
29/5/2009 10:27 | And somebody under the name of treacle28 ramped FML non stop then sold 700k at 0.6p before it went to 12p bid ! What goes around comes around eh treacle ! You remain shameless, recoveries take time not ten trading days for your pump and dump ! | 8trade | |
29/5/2009 10:15 | Same derampers got folk to sell FML at 0.50p and then 10p...same with DISL? | hena79 | |
29/5/2009 10:11 | Looks like another FML to me, 1p to 10p. | hena79 | |
29/5/2009 10:08 | That's all long term stuff treacle, you dont hold a stock past a T10 ! I see you are not posting on TSW now, same there, when T10 runs out you vanish :-)) | 8trade | |
29/5/2009 10:05 | 4. New Finance Facilities The Group has agreed principal terms with both Royal Bank of Scotland (RBS) and Bank of Scotland (BOS) for revised facilities. These agreements are subject to legal documentation and the approval of the CVA and are summarised below: Royal Bank of Scotland. The original facilities consisted of a GBP10m term loan which was due for repayment in full in February 2010, an acquisition facility of GBP750,000 and a GBP6m overdraft. The current balance outstanding on the two loans is GBP10.3m and the current average overdraft utilisation is GBP3.8m. The terms of the revised facilities are: 1) An eight year term loan of GBP8m secured against the five remaining retail properties. These have a existing use valuation of GBP8.4m, as valued by Sanderson Weatherall on 27 April 2009. The loan will be repaid by half yearly payments of GBP250,000 beginning in October 2010 and a final bullet payment of GBP6.0m in May 2014. Interest will be charged at 3.5% above LIBOR. 2) A "non-performing" loan of GBP5m secured against the remaining seven freehold properties, which have an existing use valuation of GBP4.4m as valued on 27 April, 2009 by Sanderson Weatherall. This loan will be repaid out of the net sale proceeds of these properties. Interest will be rolled over into the capital and will be charged at a rate of 7.5% in the first year rising to 15% in the third year. It is envisaged that all properties will be disposed of in the three year period and as a result the loan repaid in full during that period. Any shortfall from the net disposal proceeds will be met out of operating cash flow and any excess will be used to repay the above term loan. The Directors envisage that securing alternative use values will ensure that the net proceeds will repay both capital and interest in full. 3) An overdraft facility of GBP3.0m with interest charged at 4% above Base rate. The cost of securing this facility is GBP100,000 payable upon the signing of facility documentation. The Company will grant warrants over 5% of the nominal value of shares in issue of Discover Leisure plc to RBS. Revised covenants are to be agreed and full facility documentation signed prior to the approval of the CVA. Lloyds Banking Group/Bank of Scotland Bank of Scotland has provided all the vehicle stock funding for the business since September 2007. These facilities, agreed on 31 August 2007, totaled GBP37m and reflected the historical size of the Group and its stock levels and purchasing policies. A revised facility of GBP20m has been secured which compares with a current utilisation of GBP13.5m including stock held on the closed and to be closed sites. The facility allows all new stock to be funded at 100% of purchase price for periods agreed with the manufacturer. Used stock, subject to age, can also be partially funded. Should individual units not be sold within the agreed period, the funding can be extended subject to a fee and partial payments, thereby reducing the amount outstanding. The Directors believe that this funding should be sufficient to enable the business to trade strongly from the remaining five sites subject to normal stock holding disciplines. | hena79 | |
29/5/2009 10:05 | LOL ! You have no choice but to say that ! 1.3p offer to 0.75p bid but still ramping away, bet that was you selling at the open then bought back and the ramps started again ! | 8trade | |
29/5/2009 10:04 | Classic recovery stock imo. | hena79 | |
29/5/2009 10:03 | LOL !!!!!!!!!! The old "net asset value" ramp again from advfn's most prolific pump and dumpers ! hena/treacle/kirstie | 8trade | |
29/5/2009 10:00 | So why did they get a new 3 million banking facility...maybe despite debts, nav is about 11p? | hena79 | |
29/5/2009 09:56 | Hena Are you sure? Think that is pie in the sky. Virtually bankrupt , 22p in the £ to creditors? | knitcraft | |
29/5/2009 09:50 | Yes Indeed....NAV is still way north of 10p. Total Net Assets | | 16,611 = 16.6m and equates to about 11p. | hena79 | |
29/5/2009 09:49 | Bankruptcy was priced in | jonno1 | |
29/5/2009 09:40 | Banking facility sorted which was the must news and everything else will fall into place now. * New banking and stock funding facilities agreed. * A restructured and strengthened balance sheet. * Lower ongoing cash and funding requirements. | hena79 | |
29/5/2009 09:38 | LOL Hena79 | argy2 | |
29/5/2009 09:35 | Topped up earlier. IMO summer season is here now. | hena79 | |
29/5/2009 08:52 | No updates from hena/treacle ? Hope nobody on the FML thread got sucked in when he/she posted this on it ! Hena79 - 28 May'09 - 09:04 - 3427 of 3428 OT - DISL at 1.22p. Interims out tomorrow and due a big re-rating. DYOR. | 8trade | |
29/5/2009 08:48 | Great opportunity to buy here. Just topped up. Mkt cap of 1.1 million is ridiculous for this company. | robandkerry | |
29/5/2009 08:48 | financing sorted, not going skint, recovery play? | jonno1 | |
29/5/2009 08:09 | No updates from hena/treacle ??? | 8trade | |
29/5/2009 07:57 | someuwin - and someulose :-( | david77 | |
29/5/2009 07:57 | Watching for treacles dump at 8.00am and 1 second ! | 8trade | |
29/5/2009 07:21 | No wonder the price has been so weak! | argy2 |
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