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[stegrego] 04/2/2013 07:23

' depends a lot on how they have traded over the past 6 weeks or so. The impression I got was that things have turned the corner recently, and the strategy implemented is finally beginning to work.'

I'm sorry but that has to be complete tosh. They commented 1 WEEK AGO that market was 'difficult and challenging'. If it has altered for the better recently, they would have said so.

[stegrego] 01/2/2013 18:03

Sorry Jojo, I didn't realise I couldn't post here unless long or short.

For info I held this from around 100 to 280 ish and bailed around 200ish on the first warning of trouble. Since then I've monitored out of interest.

I see you come on here spouting things like they are gospel, but they are far from it.

I wish the company no ill and think it will survive in one form or another.

However don't be too surprised if the two big investors, who are massively down, cough up extra funds on the proviso that its at a massive discount, to even today's price, and effectively takeover the company and take it private.

That's what I would do if I were them.

These were 120 when suspended and came back at 10p, so it's not like it hasn't happened before.

[scientologyweirdo] 01/2/2013 17:42

onceabroker always a broker ?

does talking your own book even when you know it's b.s. count as part of the job description ?

"Now there are various aspects to garner funds, and one is D4E, Which I view as a non starter for the Major shareholders here who are in way above the current valuation."

So creditors are in control but you think major shareholders can stop them ?

No wonder you were just a broker, no one would trust you to run money.

[onceabroker] 01/2/2013 17:38

The company having met Decembers covenant, one can presume that the banks will reset March and June covenants without to much difficulty. Before they do, they will require a 12 month plan, not entirely on the business model, but concentrated upon the companies financial liability throughout 2013. In order to have this forthcoming consideration with its lenders, the company has conveyed to the market it requires additional funding through 2013. Now there are various aspects to garner funds, and one is D4E, Which I view as a non starter for the Major shareholders here who are in way above the current valuation. Another option is for the Major shareholders to support the company and their investment by way of a convertible loan, similar to how JJB managed to secure funding from one of its major shareholders who were in deep and did not want dilution. The other option is for Asset disposal, which is more viable then some on here are giving credit to.

Reading between the lines of a RNS is important, a company can only say so much until it has a firm offer or pledge:

Quote

The Company is in constructive negotiations with its banking partners regarding resetting the covenants for 2013 and the Company believes that the banks remain supportive of the business.

End


Quote

Board has approached its two substantial shareholders to ascertain their appetite to provide additional capital to the Company and, while these discussions are on-going, they have indicated that they are supportive of the business going forward

End


Either way, we should all have more information soon. But the closure of this week at above the 0.50 level is reassuring, and no mass sell out pre-weekend, points to the positive that people are comfortable to hold.

No Holding RNS for II disposal since the RNS, given that some on here think this company is going bust, why have the Institutions not sold?

Yes its high risk, but not as high risk as some may suggest on here.

Best regards

John

[jojo_jo] 01/2/2013 17:04

Stegrero,
If you're not short, why are you wishing failure on this company?
What is your motive for spouting endless negativity?
There can be only two:
You were recently hurt badly by last weeks share-price collapse, and are now 'out'.
You have a short position (...few short-sellers ever admit to it!).

Remember the old adage your mum taught you: "If you can't say anything nice, say nothing at all".

I have no doubt things suffered in H2/2012 in Australia, particularly during the Summer, but I am equally confident things have improved considerably over the last 6 - 8 weeks, in line with the broad Aussie stockmarket.

Also, the fact that they highlighted Australia, to me signals they want rid and rid fast. This was very clearly flagged by their comment on Australias performance.
Please ALSO NOTE that under-performance at Homecare Australia did not prevent selling it to Kincare for £22m - a huge premium to what they paid for it.
All the signals they are giving point to jettisoning Autralia asap - and with it most of their debt (...all of it if they so choose).

I'm sure the company will be aware of the most recent improvements, and be advising us so over within the next couple of weeks.

IMPO/DYOR
Jo

PS. If you're not invested (long or short), why are you here? Nobody in their right mind is going to spend time doing what you're doing without a reason! All you've done is repeat a few lines from the RNS. You clearly haven't done any deeper research.

[stegrego] 01/2/2013 16:13

Can I just clear something up.

I am not, never have been, nor never will be Short on this OR ANY OTHER STOCK.

I find it completely morally wrong and can destroy companies on a whim.


Jojo,

So what you are saying is that basically the company has no idea what the economy in Oz looks like from there point of view nor the impact it is feeling.

Even though they wrote 1 WEEK AGO:

'In Australia, weakness in demand in the private and public sectors has continued as the macro economy has deteriorated. Although the Company has made senior management changes and placed a renewed focus on key public sector clients, the current uncertainties in demand make Australia a challenging market in which to operate and as a result revenues have been impacted in the second half of the year'

In that one week, you are saying, the whole thing has turned around and everything is now hunky dory?

And better still, the company doesnt even know it!

[jojo_jo] 01/2/2013 15:09

I see a few of the more sensible short-sellers have started taking flight!
Don't blame them!

They won't be having my help. They'll have to pay at least 2p for any of my stock... perhaps Monday morning!

IMPO/DYOR
Jo

[stegrego] 01/2/2013 14:40

Jojo,

Its you who needs to learn to read - Im merely restating what the company said in the RNS!!!


-- In Australia, weakness in demand in the private and public sectors has continued as the macro economy has deteriorated. Although the Company has made senior management changes and placed a renewed focus on key public sector clients, the current uncertainties in demand make Australia a challenging market in which to operate and as a result revenues have been impacted in the second half of the year


.......weakness in demand in the private and public sectors has continued as the macro economy has deteriorated

.....the macro economy has deteriorated


Ummmmmmmm????!

[stegrego] 01/2/2013 13:26

Jojo,

Im not sure why you seem convinced the assets are worth as much as you say.

For starters, at least 2 of the companies were bought from the 'hubbie' and are possibly near worthless.

Who is to say that they didnt pay way over the odds for the Oz business?

That business and the macro Oz enviroment is certainly now much worse than it was when the business was bought. Therefore, why should the business be worth anywhere near what they paid for it, at this juncture?

You may be right in what you say, but you are pretty much just guessing and filling in huge gaps. Yet you seem to talk as though you are 100% sure of every fact.

[jojo_jo] 01/2/2013 11:30

Sells shown as buys, per usual.

Mid-price now up to 0.56p and rising!

Could be the last chance to buy in here under 0.6p

Next week 1.5p+ (up to 3p if they announce the asset disposal).

IMPO/DYOR

[bill182] 01/2/2013 11:03

Bid up to 0.54p and no one is selling...I wonder why!

[jojo_jo] 01/2/2013 10:56

bozzy/user etc (one and the same no doubt),
Scaremongerers who don't know when to get out!

The only nice solution is a disposal. The debt is tied to the Aussie asset, which is worth more than the debt. So the answer is obvious - dispose of the Aussie asset. Nobody wins in the ridiculous alternative scenario. No way the bank would want that - it could lose everything! It wants paying, and will re-set covenants once the Aussie business is put up for sale.

Selling is giving these disgusting short-sellers your money! Don't be fooled by their misleading lies.

This will be 1.5p+ next week.

IMPO/DYOR
Jo

[scientologyweirdo] 01/2/2013 10:51

Very courageous of you to hold over the weekend with potential for a 'Suspension pending clarification of financial position' RNS at any time here.

[bill182] 01/2/2013 10:45

Buys going through as sells again so far. user, you were saying that at 0.040p and it is now up 25% and rising. On the trades so far today, we will end up blue.

[scientologyweirdo] 01/2/2013 10:04

zero is on the cards

[bozzy_s] 01/2/2013 09:49

When debt is 5 - 10 times the market cap, you have to consider what's in the best interest of those creditors, not the shareholders who are now irrelevant. Is their debt secured on the company's assets? If not, then force HLO into administration and buy the assets from the administrator?

1494 looks like another rose-tinted wishful thinking comment with no evidence whatsoever.