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EFD Eatonfield

0.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eatonfield EFD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.20 00:00:00
Open Price Low Price High Price Close Price Previous Close
0.20 0.20
more quote information »

Eatonfield EFD Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 31/5/2011 21:08 by rougepierre
cheers dahmmy...I don't wish anyone ill, but when you try to perform a public service you're either seen as a deramper, or told to sugar off...for the record, I have 300 shares, kept just in case, but as I'd already made nearly £3,000 in EFD, I guess I can swallow the final £4.50 loss...
Posted at 31/5/2011 16:52 by dahmmy
so Mikey...


erx and efd.



that's two companies you hold that have been suspended, yet you go round, preaching like a Messiah how you saved people money?!!!!
Posted at 24/5/2011 10:02 by rougepierre
In good faith I implore you to apply rational thought to this.

The Welsh sites were the last hope...the RBS facility of £250k was dependent on this...the placing has been postponed indefinitely...the co effectively states it cannot pay the loans that have been due on demand for some time...the banks are keeping this afloat for reasons stated above...possible scenarios:

banks pull the plug;
company into voluntary liquidation;
RL/Jenard takes private, mopping up shares in the market (but where would he get the funds to refinance the debt);
something else reverses into this (but they'd need deep pockets).

Now RL deserves huge credit for keeping this afloat far longer than most others would but, sadly, it looks like a basket case (cf CNT...)

Mike IMO I think you're misguided mate;
gda I'd like some of what you're on because either you work for EFD or you're living in denial mate...

genuine best wishes to all and congrats to those that salvaged something from the wreckage...

:-)
Posted at 18/5/2011 10:36 by rougepierre
so you're convinced the placing will get away, stuart?

IMO they need £2m to stand a chance of surviving, that would suggest to me, 2bn (yes 2bn) new shares at .10, which would almost certainly lead to a t/o or take private...

look at the amount of debt that is on hold...the margin for EFD on Trilandium must be tiny...look what happened to Modus (far bigger and better managed...)
Posted at 16/5/2011 21:36 by edurtreg
R.I.P. EFD
Posted at 16/5/2011 21:32 by edurtreg
R.I.P. EFD
Posted at 11/5/2011 10:50 by rougepierre
lanio...where have you looked...I post many times a week on a score of threads, mainly PINN...

I've already made nearly £3k out of EFD and yes I do hold a small amount at zero cost...this gives me an entitlement to post whenever I want...

nobody, but nobody has researched this company more than I have...I don't post on it these days, because frankly I fear the worst and am trying to help fellow travellers...

if you actualy read all my posts on here, you'll see that my core scenario, consistently stated, is that RL/Jenard will take this private...

in the meantime, I don't see these moving up except on baseless speculation...

if you are locked in with a significant holding at a loss (but as nothing compared to RL's and Jenard's losses), maybe that is colouring your judgement...

I genuinely wish you the best and am sure you will DYOR and make your own mind up...but it's got awfully quiet on here...
Posted at 15/4/2011 11:28 by induna123
pierre. If the situation is as bleak as you suggest then why didn't the company just fold? Why continue? Why did the banks agree to let EFD continue trading? There must be some sort of business plan they put forward that made economic sense for the banks to allow efd to remain a going concern.
Posted at 13/4/2011 15:00 by rougepierre
In other words, either EFD is reinventing itself as a housebuilder or...maybe...RL will either sell/hive off the housebuilder or take the commercial property private...

can I reiterate...I neither want nor expect EFD to go bust but, if this isn't being teed up to go private, it's going to have to be mightily diluted (last time 90%) to survive and banks still aren't lending on property...

oh and before that last statement is rebutted cf RBS, it's only a £250k working capital facility which will probably finance no more than 2/3 houses at a time and seems expedient seeing that RBS will only see its money back if EFD starts generating real income from housebuilding...

I say again...look at the Trilandium business model and their redefinition of land 'sales'; look at the timescales, which may be agreed, but are by definition speculative until the houses are actually built AND sold...

finally, the RNS implies that ALL the welsh sites have been sold (to repay debt) and that leaves EFD with Corus and the rump of Birkwood by my reckoning...given the depression settled over Workington and the difficulty of getting planning permission for Birkwood, these don't set me on fire either...

so, to restate...I've sold the shares to buy the rights/post-placing...and I won't be getting carried away...
Posted at 11/4/2011 18:27 by stuart little
I've gone through it a couple of times...hard going in places but ultimatley I see it as a good RNS.

Still high risk but there is a plan and with the board imminently presenting investor roadshows they must be confident of their story. With a m/cap of £2m I see plenty of upside (with only £2m downside!)

As of yesterday EFD were emptying the coffee machine and swear box every 2 weeks to stay afloat. I guess they could have folded umpteen times over the last couple of years, indeed many of their peers have.

As of today I think we can say-

1/ debt has peaked,
2/ We still have the backing of the banks, indeed RBS lent them some more to start the houselbuilding contracts,
3/Housebuilding contracts worth at least £25m over 5 years with further contracts on the table from Jenard(major shareholder in EFD!)
4/ Investor roadshows imminent to assist in a placing to further reduce debt.
5/ a m/cap of £2.2m

Today we are in a better place than yesterday imo.

rougepierre, you've made your point now I always tend to move on once I've sold out of a share......its the polite thing to do.

Stuart.

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