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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eatonfield | LSE:EFD | London | Ordinary Share | GB00B1FQDQ64 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.20 | GBX |
Eatonfield (EFD) Share Charts1 Year Eatonfield Chart |
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1 Month Eatonfield Chart |
Intraday Eatonfield Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/3/2015 | 15:56 | CRAINS MANCHESTER NEWS. | 5,379 |
| 03/10/2014 | 15:16 | Eatonfield with Charts & News | 154 |
| 13/4/2010 | 22:15 | mummy little boys thread for lol shor killer only didums ;) | 28 |
| 31/3/2010 | 12:39 | THE EATONFIELD GROUP ......building the future | 186 |
| 08/3/2010 | 15:03 | Ј2 BILLION PRIVATE/GOVERNMENT/REGENERATION FUNDING | 27 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 20/5/2011 11:04 by jojo_jo My assessment/summary of the situation: Sale to Trilandium is a decent deal, as in event of default property will revert and they will have the benefit of some payments in the meantime. Complex though, as ownership of buildings thereon could be questionable. Presumably that is why the transaction consists of many smaller individual plot sales which will complete one at a time on disposal of the houses. Must also assume all land payments go directly to charge-holder RBS, and only profit from build-out can be used to pay down other debt. At around 10%, this equates to perhaps £3m over an average of 3 years. Hardly enough to satisfy all the lenders, so they need a similar deal or outright sale of the remaining land to resolve that. Ideally, they need to sell the remaining land and buildings for enough to discharge the remaining debt, in which case they will end up with a construction company turning over around £10m a year for a profit of £1m a year. This with debt secured against land which they have exchanged contracts on, and which is being paid down by the purchaser over 3 - 4 years. There could of course be considerable additional/new contract house-building work they could do. This favourable outcome is fully subject to the disposal of all the remaining land. In the absence of such a sale or a transaction a la Triladium, there is the spectre of a debt for equity swap. To raise any meaningful cash, a placing at this share price would be hugely dilutive (although not nearly as much as a d-for-e swap). Bankruptcy is pointless and repossession just saddles the lenders with the problem of disposal which could potentially crystallise large losses. A formula for reducing working capital is essential. They need a debt repayment holiday and move towards a predominantly sub-contract construction model (less profitable but less onerous on working capital and cash flow). We can assume all/any property sale proceeds go straight to the relevant charge-holder, so there is no clear source of operating income with which they can pay all their day-to-day expenses, wages and supplier costs. Difficult. |
Posted at 18/5/2011 11:07 by stuart little I didn't say they are trying to spook PI's, i wasn't suggesting MM tricks. I said that due to the selling and and subseqent drop in share price coupled with the uncertainty over the future and placing price then PI's sell shares which causes the share price to drop which then spooks a few into selling and it snowballs. It doesn't have to be 'knowledge' that is causing this. A decent RNS and it will spike 200% and we will all wish we'd bought at 0.3p. TDW might have some placing shares to sell...... institutions might be selling their placing shares straight onto the market....I bought here knowing that it would either multibag or go bust, nothing has changed. Stuart. |
Posted at 12/5/2011 22:15 by rougepierre Oh dear oh dear oh dear...you're all big boys of course and I have tried to be the voice of reason (interpreted as deramping...I NEVER short shares):Mike111D - 11 Apr'11 - 18:16 - 45 of 73 Rather obsessive posting there RP from a non holder, now who else do I know that suffers from the same condition LOL. Time for you to spare yourself any further embarrassment and accept that Eatonfield are trading their way out of the past and difficult situation that they found themselves in. tara7 - 11 Apr'11 - 19:49 - 52 of 73 All stocks have risk some of us buy when the likes of these guys live in fear, why they ever get near shares i do not know.!! Value can be found here gdasinv2 - 12 Apr'11 - 08:50 - 55 of 73 Set to Rocket the Price....at any time, they have decided some sell some land and so good value at this cheap price. Induna123 - 12 Apr'11 - 08:34 - 54 of 73 We knew that a placing would be coming too, question is at what price, 0.50p? (whaaaat?) moreforus - 20 Apr'11 - 09:26 - 63 of 73 The board is of the view that formal agreement of these matters is now imminent. gdasinv2 - 20 Apr'11 - 09:46 - 65 of 73 So far....all the funding and working capital available are good sign? All good sign, still by valuation it should be at least 7p. I have loaded. MEANWHILE, on 12 May we get another cut and paste RNS saying: "the board now expects that the Group's existing financial resources will provide it with sufficient working capital funding until mid to late May 2011." mid May is 15/16 by my reckoning... I stand by my honest opinion that the best you can hope for is a 'take private', but the share price may slump before then... the simple fact is that the CP market is tough...RL has to sell for at least the value of the underlying debt, case by case...and in a firesale, the property minus debt may not even be worth.4p, let alone 7p.... RL is not a quitter and therefore a possible scenario is RL buying this out of administration and the banks get all the net assets (and HMRC) unless...someone wants to reverse something else into it like...Portsmouth FC... AIMHO and GL to all... |
Posted at 13/4/2011 16:00 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. |
Posted at 11/4/2011 19:27 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. |
Posted at 11/4/2011 17:09 by rougepierre Oh and please reread my post carefully; the AIB debt now due 31/8 is £7.1m; the last placing was mainly to RL's son at 1p when the shares were 1.1p; the Jenard facility (another connected and 'friendly' party) was £1m at 1p when the share price was about 1.4p; the previous placing was a 90% dilution at a 57% discount to the then share price of 11.5p at a price of 5p and in addition, RL got 57m shares in exchange for his debt (i.e. c28% of the issue...)and the shares have fallen steadily ever since... between them they already own 55% of the company; another deep discount issue at 90% dilution would probably have to be at .25p max to raise £7m (but I can't see Artemis or Gartmore stumping up a second time). If RL/Jenard bought the lot, they'd have 97% of the company, so why not take it private instead or.... having seen what's been done elsewhere, why not fold the company and buy it from AIB for half their debt? what's left for them? a housebuilder with contracts to Trilandium; Corus; Driffield; Pen y Bont; Birkwood (the jewel in the crown?); Torbay? do the maths...it's an astonishing achievement by RL to keep this going so long... meanwhile, RLR seems to have folded; Haycroft Farm is up for sale to pay off the bank debt secured against it; form your own conclusions... |
Posted at 28/2/2011 17:48 by stuart little Mike,It doesn't seem high on the agenda still does it? Still at the 'pursuing plans' stage. Maybe they are wanting to get the share price higher but then they went through the reorganisation to be able to issue shares under 1p. Hopefully that was just incase the sale of assets and contracts didn't materalise, at least they could have raised maney at any price back then..... We shall see and I think we won't have to wait long..... stuart |
Posted at 17/9/2010 17:56 by wig123 IMO EFD has all but exhausted its lines of credit. If the banks where not willing to extend their terms when the share price was languishing circa 12p, im dammed if their gonna do any favours now at current share price RL and Jenard IMO are bleeding the Corus pp for every penny, and yesterdays rns is nothing short of a delaying tactic taking us in to October and with the subsequent breach of covenants coupled with the expectation that the Governments spending review will not be to sympathetic to the planned funding of infrastructure works at the Corus site, as expected. RL and his co conspirators hold just under 50% of EFD, in administration who do you think is gonna get a "SECOND BITE OF THE CHERRY" ? gl, your gonna need it |
Posted at 16/9/2010 15:52 by themoneymonster2 themoneymonster2 - 16 Sep'10 - 15:51 - 4699 of 4699 editThe board is also seeking to raise additional equity funding which, due to Eatonfield's current share price being below the nominal value of one penny per ordinary share, will require a capital reorganisation. -------------------- BUT, if our share price was to go over 1p then we would be free to raise new funds at or above this figure : ) -------------------- Sorry, WHEN our share price goes over 1p we will be able to raise new funds at or above 1p : ) |
Posted at 09/7/2010 09:38 by comedy ww it looks like this might be another mvw where management stay silent as share price trashed all the way down...so kept my core ...did a top up a week back and some previous ...sold both top ups at a loss(bought i think at 1.2p something on the day of the rns as was expecting that to be the signal that we were moving)...the mm's will play the spike game but to me this is going sub 0.5p overtime as long as no deal struck and the management keep doing placing and extending...have a feeling they are going to take the bank for a ride. ie the shares they are issuing means more and more of the company is going in to their hands and knock down prices and eventually the bank will play ball with them. At which time the directors will own even more of the company as they have effectively diluted existing shareholders down...should have cottoned on when they said they needed ... A special resolution to grant the Directors general authority in replacement of the authority granted at the general meeting of the Company held on 19 November 2009, to allot equity securities for cash as if Section 561(1) of the Companies Act 2006 did not apply to such allotment provided that such power shall be limited to the allotment of equity securities to facilitate rights issues and open offers and otherwise limited to an aggregate nominal amount of GBP2,600,000 so another 2.6 mill at 1p 260 million shares over the period which i expect we will get an announcement soon as the july lot is probably all used up...so effectively they are doubling up the shares in issue...lol plus for themselves getting warrants to get more so "cake and eat it" comes to mind... now holding some for long term if they ever rerate which as a cyclical stock they will unless their aim is to takeover the company at a pittance??? by diluting existing shareholders out of existence... plus doing what was the strategy for 2009 was which was buy some if share price falls sell th eshares...and wait until next entry point to buy back shares...rather than commiting fresh capital....if think company worht 2 mill then effectivetly with 600 mill share sin existence (if they use the 2.6 mill up)lol as working capital ...nice if you can get that work...ie issue shares at 1p then take the proceeds from the shares and pay themselves as "working capital" making sure nothing achieved and keep using deadlines to keep existing shareholders quiet until effectively get most of the company before...either saying folding??or making the deals to ensure its survival...lol with the added advanatage they have all these nice warrants at 1p??:) 1) either we lose completely 2) keep trying to find the low point and ride the wave up... gone with second option today ...but no longer puting any fresh capital in and already acceting 1 may transpire...lol and you asked a simple buy price...lol could be a month or two we have another 0.25p stock and we all load up in the millions and ride it to 1p? lol think the herd would love that. |
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