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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Indian Rest. | LSE:IRGP | London | Ordinary Share | GB00B0YTNL47 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
14/7/2008 18:23 | i am sorry stuart i disagree with you you can't buy such a tiny company,do a DD tell shareholders liabilities are £280k the vendors signed an indemnity to say liabilities would be a max £280k they obviously were not because then one month later they increased from £280k to £679k i don't except any excuses how can you have one what is the "some" right then? | ntv | |
14/7/2008 16:55 | NTV, you are wrong. Not all wrong but some. The Liabilities include the paper part of the deal they did, and that paper can only be issued if certain performance targets are met. They account for the whole lot of it, £1.2 million I think, but remember this will be met by issuing shares at a minimum of 26.3p each. So at least £1.2 million of the liabilities don't need to be met by cash. As a Co they are clearly still finding it tough going. It is early days and they're trying their best. I've put these shares away for the long-long term. In 10 years they'll either be worth a mint or they'll be long gone. | stuart14 | |
14/7/2008 11:28 | I can see another action group getting set up in this one!!!!! | dope007 | |
14/7/2008 08:49 | did anyone here attend the egm when the propsed acquisition was voted through? | ntv | |
11/7/2008 14:30 | Stuart - agree 100%. You can sell 1500 shares online at 5p. That's going to be alot of trades to get rid of my wedge! | the big fella | |
11/7/2008 12:57 | Mate, People were saying NRK was a bargain at £6, BB at £2. I'd leave PSN well alone. Their debt liabilties are massive. This Co is a basket case at the moment. Until I get confirmation on their liabilities i'll reserve judgement, but I couldn't sell if I wanted to. If they have 6 restaurants by the end of the year and can turn a profit we'll have a Co witha future. Not sure Amit is the man for the job at the moment but we will see. | stuart14 | |
11/7/2008 12:43 | I see this Co still trading in 12 months. Not sure I can say the same for some of the house builders. Their business models are void now. PSN maybe still around but you can expect some high profile casualties. | stuart14 | |
11/7/2008 12:39 | I dont understand why you dont all sell up today. Do you really think that this Company is going to do well. Has looked to me like a bunch of con men from the start. You have to write it off and start again - there are loads of good bargains with major company's at the moment who's share price will CERTAINLY rise. This one could well be practically worthless come the year end. For example , and dont laugh too loud, Persimmon has lost 80% of its value in the past year. Looking ahead to the next year which Company's share price do you see rising more, PSN or this? Most of you guys took a gamble here buying into this for its cash value v's market cap. It was a blind gamble and you cetrtainly didn't expect a uk indian restaurant business. The cash is now disappearing and liabilities appearing. These are con men - get out while you have some money left. | hardie1960 | |
11/7/2008 10:30 | Nothing wrong with the goodwill valuation really. It was the liabilities that concern me. Can they really be £2million? | stuart14 | |
11/7/2008 10:03 | as you can see the totalof goodwill is £2.8m but this includes £503k of ppe | ntv | |
11/7/2008 10:02 | ppe can't be part of goodwill on the balance sheet and then listed as a seperate asset can it? | ntv | |
11/7/2008 09:59 | On 28 February 2008, the group acquired 100% of the share capital of Chandan Limited and Param Consultancy Limited (together "Mela Group"), a group consisting of three Indian restaurants and a catering business, for a consideration of £1,998,999 satisfied by £100,000 in cash and by the issue of 7,201,365 new ordinary shares at 26.37p per share, some of which are conditional on the achievement of certain targets. Details of net assets acquired are as follows: £'000 £'000 Purchase consideration Cash paid 100 Shares issued 1,899 Direct costs relating to the acquisition 125 Total purchase consideration 2,124 Fair value of identifiable assets acquired Property, plant and equipment 503 Inventories 26 Cash and cash equivalents (199) Receivables 327 Payables (1,336) (679) Goodwill 2,803 | ntv | |
11/7/2008 09:44 | But you have made some obsevations around the balance sheet that clearly merit discussion and at the very least an explanation from the company. | the big fella | |
11/7/2008 09:43 | tbf i don't think there is much point me speaking to the company as many others have got told they are just about to release price sensitive imformation so they won't be able to tell me anything anyway | ntv | |
11/7/2008 09:31 | NTV Why don't you phone the company yourself? Also how many shares do you own. You have been highly critical of this deal from the outset (rightly so based on the subsequent share price performance) so I can't believe you didn't sell up? | the big fella | |
11/7/2008 09:27 | keep trying stuart | ntv | |
11/7/2008 09:27 | tbf so its not worth chasing!!! well we think it is and we will | ntv | |
11/7/2008 09:25 | Got the No, left a message. Will chase hourly. | stuart14 | |
11/7/2008 09:23 | £399k worth of new liabilities taken onto the balance sheet on the company the vendors signed the indemnity did they not so they are fully responsible for the £399K | ntv | |
11/7/2008 09:20 | contact details should be on their web site | ntv | |
11/7/2008 09:18 | nett liabilities were £679k so the vendors should be liable the board should have refused to purchase the business imho | ntv | |
11/7/2008 09:17 | If you can find a number for Haresh i'll call him now. | stuart14 | |
11/7/2008 09:16 | the vendors gave a indemnity that on completion that nett liabilities should NOT exceed £280k it is written in black and white on an RNS published by the board on 28/01/08 | ntv |
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