Eatonfield Share Discussion Threads

[mike111d] 05/4/2011 12:44

A rollover of 1m at .4p / .41p, hence no impact on the price.

[induna123] 05/4/2011 09:50

Looks like somebody sold 2m this morning at 0.40p. No doubt to reduce their CGT bill.

[stuart little] 31/3/2011 11:01

BUT.....next 2 weeks.

The Board continues to negotiate with the Group's bankers with a view to procuring their consent to the proposed sale of the Welsh land portfolio. The Board is seeking to conclude these negotiations within the next two weeks, following which we plan to begin raising further equity. The Board also confirms that all the Group's existing bank facilities remain available at the date of this announcement.

Getting closer....

stuart.

[ianio5691] 31/3/2011 10:57

RNS


FFS .....another extension



FOR IMMEDIATE RELEASE 31 March 2011

Eatonfield Group plc
("Eatonfield" or "the Group")



Unaudited Interim Results for the six months ended 31 December 2010



Eatonfield Group plc (AIM: EFD), the commercial property company and house builder announces its unaudited interim results for the six months ended 31 December 2010.



SUMMARY



· Revenue £3.26 million (Dec 2009: £2.71 million)

· Trading loss £0.20 million (Dec 2009: £2.96 million loss)

· Loss for the period £2.36 million (Dec 2009: £5.10 million)

· Net debt £26.9 million (2009: £25.3 million: 30 June 2010: £26.8 million)

· Board seeking imminent conclusion of negotiations with the Group's banks for the proposed sale of the Welsh land portfolio

· Sufficient working capital to fund the Group until mid April 2011

[ianio5691] 30/3/2011 09:33

Begs the question...Is it the banks that are causing delays waiting to rubber stamp the sale.....or is it the potential purchaser, who may be delaying for a better deal....or to strike a deal with the administrators.....

Lets hope for some good news.....finally!!!

Surely this can't go on for ever......Back in June they only had enough cash until mid September......

[lufc5] 30/3/2011 08:44

Any day now......but will it be more of the same????

Stay tuned for the next exciting episode........

[maxmarilli] 28/3/2011 07:35

morning all,is that time again....let`s hope,once for all that the situation will be sorted without another postponement....

[daicaprice] 23/3/2011 13:48

Will there be any good news in the Budget to fast track brownfield planning I wonder?

DC

[induna123] 23/3/2011 12:53

Is there any advantage to getting the deal done before the next tax year starts?

[mike111d] 21/3/2011 13:20

A few buyers starting to appear, presumably in advance of news surfacing come next week. Hopefully it won't be yet another extension.

[induna123] 15/3/2011 15:22

LOL. Where there's muck there's brass.

Wig, the trick is punt what you can afford to lose. Don't go crazy and buy 10 million shares here.

[wig123] 15/3/2011 14:59

Yep, target for May still intact ;;-)

[ianio5691] 15/3/2011 11:34

My reading of this is that they are waiting for the lenders to rubber stamp the deal. I would imagine they cannot go ahead without their consent.

All depends on what sort of fire sale they are having.

According to daily mail article it would appear Mr Lloyd is having to sell all the family silver.....

[induna123] 15/3/2011 11:27

It must be getting close as the RNS's are coming every two weeks now. I wonder if they thought the land deal would have been settled by now.

Next one end of March.

[ianio5691] 15/3/2011 11:10

RNS....FFS.....another extension!



15 March 2011

Eatonfield Group plc

("Eatonfield" or "the Group")

Working capital funding update



On 28 February 2011, the board of Eatonfield announced that the Group had sufficient working capital funding through to mid March 2011. Eatonfield continues to defer payment of amounts due to certain of its senior lenders and trade creditors. On the basis that the previously notified short-term loan (for which terms have been received) is made available, 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 March 2011.

With respect to the anticipated sale of Eatonfield's Welsh land portfolio, whilst discussions with the Group's lenders have progressed since the last update, their formal consent to these arrangements remains outstanding. Whilst the board remains confident that this formal consent will be received, there can be no guarantee that completion will ultimately take place.

Assuming successful conclusion of these negotiations, the board repeats its intention to then seek agreement to similar arrangements for the Group's Corus and Birkwood sites as well as pursue plans to raise further equity. The board also confirms that all of the Group's existing bank facilities remain available at the date of this announcement.

For further information please contact:

Eatonfield Group plc
Tel: [phone]

Brian Corfe (Executive Chairman)


Rob Lloyd (Group Chief Executive)


Duncan Syers (Group Finance Director)

[daicaprice] 14/3/2011 15:58

Thats what we're all gambling on LU, the longer it goes on the more promising in my view.

DC

[lufc5] 14/3/2011 15:55

News..... and obviously the right news this week, could very well have a major inpact on the share price

[lufc5] 14/3/2011 11:00

Looks like it.

[induna123] 14/3/2011 10:52

2m at 0.5. rollover trade?

[mike111d] 09/3/2011 13:09

Looking lively, why might that be?

[maxmarilli] 09/3/2011 12:48

a minimum of 1.2p but it could go wild depending on trading....

[induna123] 09/3/2011 11:49

OK, I snaffled a few. I'm expecting 1p+ on the land sale.

[maxmarilli] 09/3/2011 10:48

nearly 1.35mill buys...is starting to get noticed...wig with impending news efd could spring a nice surprise,imo..did you get in val?