Eatonfield Share Discussion Threads

[maxmarilli] 10/2/2011 07:58

looking good this morning...maybe news are coming up?

[maxmarilli] 04/2/2011 08:14

few buys and mms will tick us up.....level 2 could move up pretty sharp...

[mike111d] 01/2/2011 20:18

Eatonfield shares soar after company reassures on funding position
Tuesday, February 01, 2011 by Andre Lamberti

Commercial property specialist Eatonfield (LON:EFD) was among the top risers on the LSE today after reassuring investors about its funding position, saying it has sufficient working capital to last until late February 2011.

The stock had risen 24.44 percent by midmorning to trade at 0.56 pence.

Just before Christmas, the group had warned that finding would run out in late January.

In today's trading statement, Eatonfield said it continues to defer payment of amounts due to certain of its senior lenders and trade creditors to a later date.

"On the basis that the relevant lenders and trade creditors do not demand payment in the short-term and that Eatonfield continues to receive their support, the board now expects that the Group's existing financial resources will provide it with sufficient working capital funding until late February 2011.

The previously announced negotioations for the sale of its Welsh land portfolio and agreement of related follow-on housebuilding contracts, both of which remain subject to the consent of the group's lenders, are approaching the final stages.

Following conclusion of these negotiations, Eatonfield will seek similar deals for the group's Corus and Birkwood sites as well as pursue plans to raise further equity.

All of its existing bank facilities remain available as of today.

[tara7] 01/2/2011 15:41

Risk, all shares have risk, but, look how this company is holding its own, if it was to go down the pan it would have been over six months ago in my view.

The land values are now in the books at a price for a profit to be made.

The accounts are up to date.

The directors want to come out of this in five years with something to show for it.

I am very much of the view the new shares will be at 1P or above.

[mike111d] 01/2/2011 12:19

Agreed but whilst I am happy to have some cash at risk here I would not consider buying back into DAV given the stated intentions of the BOD.

[lufc5] 01/2/2011 12:17

Mike.

I partially agree to some extent....but if DA&co can indeed turn DAV around they may very well be able to unlock value from the hidden depths...lol

The EFD RNS today was pretty + and de-risks this slightly.....

Let's be honest......they both have massive risk/reward potential....

[mike111d] 01/2/2011 12:10

Well done to those who bought the dip.

LUFC5, this is IMO a much better bet than DAV, as here you have a BOD committed to restoring shareholder value, whereas the same cannot be said for the BOD of DAV.

[davidlloyd] 01/2/2011 11:02

Tara7,
Whilst I agree with your thoughts, it is important that it is made clear this still remains a highly risky investment - no certainty going foward and there is still a high risk of losing all - but because of that there is the potnetial of very large gains if things work out. Only use money you can 'afford' to lose...

DL

[tara7] 01/2/2011 10:38

No However if it is here this time next year it will not be cost.ing under 2p in my view.

[ianio5691] 01/2/2011 10:31

Is this one of your top 10 for 2011 then Tara.....?

[tara7] 01/2/2011 10:27

Very cheap stock now, We have been told a great deal today, far more than last month, with more news due any day re land sales.

The company has got to bring in some cash with a placing that in my view WILL be at 1P or above.

That would mean the directors still have a lump of the company, if not why work so hard to keep the show on the road.?

..

[ianio5691] 01/2/2011 10:10

Wonder if PHA-Media, Rob Lloyd's new publicist is one of the deferred creditors....

[tara7] 01/2/2011 09:57

Great news , not going down the pan, and lenders are happy.

[ianio5691] 01/2/2011 09:56

RNS Not what we were hoping for....another extension. Starting to sound more positive.

[tara7] 01/2/2011 09:05

All new money went in no lower than 1P, if not going bust today, could hit that [or more on a new 1P placing.],

[mike111d] 01/2/2011 08:58

When I contacted the advisors last week about participating in the placing I was just told to keep my ear to the ground - LOL.

[comedy] 01/2/2011 08:48

well couldnt top up with 500k in 1 hit had to take 150k and 100k's...now want apremium for 100k...so are we coming to end game finally after waiting over a year???

[ianio5691] 01/2/2011 08:35

Disappointing still no resolution or even any update news.....but as Stuart's find demonstrates....it would appear that EFD's self-absorbed Mr. Lloyd is too busy preening and promoting himself to care about his company or it's staff or shareholders.

What a complete c*ck this man would appear to be.

Why would anybody want to read his book?????

[stuart little] 01/2/2011 07:58

Well there you go, really thought we'd have news this morning, maybe later today.

LUFC, his quest for more exposure might just be an ego thing but the timing is a little straange. If EFD were to go to the walls you'd think he'd want to keep his head down for a while!

stuart.

[stuart little] 31/1/2011 21:35

Have a look at some of their other clients. Carloz Tevez, Liam Gallagher, John Terry, Duncan Bannantyne to name just a few. He likes to mix with the big-wigs....



stuart

[lufc5] 31/1/2011 21:15

Good find that Stuart......very interesting indeed......

[ianio5691] 31/1/2011 17:08

Let's hope your on the money Stuart. GLA

[stuart little] 31/1/2011 17:04

"We're delighted to announce that Rob Lloyd, Secret Millionaire and Group Chief Executive of The Eatonfield Group plc, has signed to PHA Media to raise his personal profile.

Lloyd set up his own property company in 1998, the Eatonfield Group plc and developed the company from the ground up. The group specialises in commercial trading, property investment, regeneration, land and property acquisitions. His autobiography, Raising the Bar, looks at his business trials and triumphs, his time on The Secret Millionaire and a host of other interesting entrepreneurial insights."



Not the sort of thing you'd do the same time as your company went bust???

Be up early in the morning, expect news tomorrow.

Stuart,