Ide Share Discussion Threads

[eezymunny] 07/10/2022 08:35

Still 4.5m in loan notes, with high interest, exit fees etc? EV c 24m and earnings before loan note payments c. 1.8m? (maybe 1.5 after tax?)., After loan notes 1.1m b4tax and .9m after tax.

No obvious signs of value vs a market where some bigger and better competitors are on lower ratings.

Hopefully they´ll trade into and above the valuation in future. That certainly looks possible.

If you can´t find better value than this you´re not looking very hard IMO :)

[knigel] 07/10/2022 08:16

I presume the haircut will mean an accounting adjustment in the YE accounts resulting in a far stronger balance sheet? At least this issue is almost now put to bed excluding the two other CLN significant holders would want to wait for a while…

[beeks of arabia] 07/10/2022 08:10

Bought a few more k's worth.

[wh1spa] 07/10/2022 08:00

So with LN's included @ conversion price EV will be £23,672,316. With EBITDA expected to be quite juicy for FY23 the ratio will be very attractive.

[wh1spa] 07/10/2022 07:30

Well it's a 23% premium to where we are now and not forgetting that MXC are taking a 30% haircut from the total repayable LN. Looks like a good deal for everyone. Onwards and upwards.

[knigel] 07/10/2022 07:15

Thoughts? So IDE is paying MCX 70% of their outstanding debt via a conversion price of £.892p the average of five days share price post 1 for 100 consolidation (Thanks recent seller) well it could have been worse and at 0.2p as the vile troll suggested!!

[paulscb] 06/10/2022 18:44

If you think this debt is going to sorted at a premium to benefit all you shareholders, you are living in cuckoo land. When does that happen? The funders will be able to make up the shortfall on a wipeout situation. You know the truth deep down.

[agedman] 06/10/2022 17:01

They need to get a wiggle on with this General Meeting. The share price is on its knees - fortunately very low volumes.

[wh1spa] 06/10/2022 12:15

Having thought about it some more and bearing in mind MXC have pretty much funded this recovery. 2 billion shares @ 1p giving a market cap of £24m and then a 10-1 consolidation. With interest payments removed and new partners coming on board etc FY23 could be £6m EBITDA and 2.5m in cash.

[steamsabre] 05/10/2022 16:20

This is tanking badly

[knigel] 05/10/2022 11:45

You don’t seen to post on shares you hold - just troll poorly performing shares - which is an easy thing to do. FILTERED

[paulscb] 05/10/2022 11:37

The loan notes have 12% and been running for nearly 4 years LOL 0.2p wipe out coming

[knigel] 04/10/2022 08:24

Seriously 0.2p !!? Very unlikely since MXC will want a return - the underlying business is going great now so getting the debt out of the picture is a big plus. However I am well aware there will be significant dilution and none of us here knows the conversion price!

[deekers] 03/10/2022 14:47

They should issue 900 million at 2.5p Mxc and Kestrel did not exactly do a great job before this scenario arose.

[wh1spa] 03/10/2022 14:24

I'm guessing they'll issue circa 900m @ 2p. That'll give a market cap of £28m with plenty of upside. (2p based on the last brokers note and a discount to Kestrel's conversion)

[paulscb] 03/10/2022 14:11

You are getting emotional. Let's see how emotional you are at 0.2p wipe out.

[knigel] 03/10/2022 13:43

That’s old news from the finals - the interims state that they are arranging a general meeting to agree a capital reorganisation. Stop ramping? FFS I am a major shareholder so of course I will defend my investment. I am not telling anyone to buy or giving our share price targets - just the fact that last year 95m shares were issued at 2.5p - a simple fact! What the D4E price will be I have no idea. But I have to ask: what’s YOUR agenda!!?

[paulscb] 03/10/2022 13:26

Nobody wants to touch it! A bank loan in this market! It's going to be a wipeout or nothing here, stop ramping. The company has looked at a fund raise from institutional investors but given macro events and the history of the company there is currently little appetite. This might change in future years. The company has also considered a couple of approaches but nothing meaningful has come from this. Finally, the company is looking into a bank loan that would enable an offer to be made to loan note holders that would rather cash out earlier than the scheduled date of January 2025.

[knigel] 03/10/2022 11:31

At you thick or something? We don’t know the conversion price and the last time D4E took place it was at 2.5p (when the share price was still around 1p). So kindly STFU but I be quite “happy” to admit I am wrong if you are proven right - they stated they wanted to increase shareholder value and you don’t do it at a massive discount do you!!? This will wipe out the debt - add £2.5 million to EBIDTA re no interest being charged and yes existing shareholders will be probably 20-25% of the new equity - let’s just see the details but I been in D4E before (Helphire/Redd) and that share price recovered in subsequent years..

[paulscb] 03/10/2022 11:23

Are you thick or something? It will be done at huge discount. I don't understand what you are seeing or how you think they'll add £18m to the market cap without total wipeout of anyone in at this level.

[knigel] 03/10/2022 09:29

This constant seller either knows the D4E price or wants out at any price :-( personally still hoping it’s around 2.5p :-)

[knigel] 01/10/2022 10:19

At last some form of D4E to wipe out most of the debt is about to happen - cash now at over £1 million - and outlook for 2023 extremely positive! Shame about the seller(s) this week (nominee accounts?). If I didn’t already have high exposure here - I would be adding like crazy (just my opinion but I was in Helphire/Redde and the share price recovered well following a D4E)

[agedman] 30/9/2022 19:27

*or even on the horizon

[agedman] 30/9/2022 19:26

Shaping up nicely. It's comforting that they have such a longstanding relationship with Atos and that new partners are in the horizon. Patience will pay off here. (Restructuring of the debt is long overdue)