Interserve Share Discussion Threads

[cfc1] 20/3/2018 18:38

Jak...I give you one chance....Now using your massive knowledge why dont you consider that there IS A VERY GOOD PLAN.....now what do you then think the outcome is going to be. your option 2 as you call it
Now put to one side that you bottled it and sold.... and answer that one!

[cjl62] 20/3/2018 18:29

JakNife which banks have sold the debt at 50% and how much have they off loaded.?
I understand talks have been on going with Emerald since December.
Take what you want from this but heyho we all like to gamble !!!!

[cfc1] 20/3/2018 17:47

you lot serious.....!!!

JakNife - 20 Mar 2018 - 15:47:42 - 8333 of 8365 Interserve - Awaiting A Recovery - IRV
If I were a lender and I had two choices:

1. Sell my debt now at 50p in the pound, or

2. Hold onto the debt because "the PLAN is very good" and I'm going to get all my money back.

Personally I'd go for option 2.

But for some reason they're going for option 1. Which suggests that option 2 doesn't actually exist!!!

JakNife

"some reason they're going for opt1"...OH REALLY!!!! and this is this brilliant chap you are all endorsing..
total and utter rubbish!

[maxidi] 20/3/2018 17:31

Fangorn2 is correct about Jacknife..... I've been aware of him for many years now and I respect his knowledge. He is very good at what he does. Far better than I am.

Of course he may get it wrong sometimes and as I have just bought back in and I hope that I made a good decision. If it goes north tomorrow I will sell again, if not I'll hold for a while longer.... This one is not for widows and orphans!!!

This reminds me of the telecoms era about 20 odd years ago. That was nail biting time and I lost a bit of cash on them too but I then bought into Barc and Lloy for pennies and made it all back and a lot more.

Good luck all.

[cfc1] 20/3/2018 17:17

fangs..oh yeah - he reckons the very good plan doesnt exist - now explain why he isnt a prat?????

[cfc1] 20/3/2018 17:11

fangs....spot on when with what ? Has he made £500K on the stock market or £5?

[cfc1] 20/3/2018 17:02

chicken.....emailed you!

[cc2014] 20/3/2018 17:00

So, advice appreciated - would it be the same banks that held the PPN's that IRV had hedge swaps with, so somewhere along the line it didn't actually cost them 45p in the £ as they made some money closing the swaps?

It all seems a bit co-incidental




Interserve is pleased to announce that it has secured additional short-term committed funding for the Group. In addition, we have reached an agreement to defer the test date for compliance with our loan covenants to 31 March 2018. This provides a platform for continued constructive discussions with the Group's lenders, with a view to securing its longer-term funding.

The additional facilities totalling GBP180m comprise a GBP38m committed revolving credit facility, GBP37m of committed ancillary facilities, committed bonding facilities of GBP93m plus GBP12m of additional funding available by agreement with the lenders. The facilities expire on 30 March 2018.

In order to obtain these facilities, Interserve has agreed to close out its cross-currency swaps, which hedge exchange rate exposure on existing US Private Placement loan notes. The proceeds generated by closing out the swaps of approximately GBP44m will be used to repay existing borrowings from current bank facilities. Unwinding the accounting for the sterling value of the debt and the associated offsetting swap transactions will increase net debt by approximately GBP10m.

[unnavailable] 20/3/2018 16:53

'did emerald pay par then?'.No. But I think they were buying the PPNs. Which were definitely being sold for around that price.

[maxidi] 20/3/2018 16:52

Back in at 70p.

[fenners66] 20/3/2018 16:44

I cannot imagine how he can run a company and post on here all day , unless ...... say MD of a late night burger van..... that would not clash......

[general george] 20/3/2018 16:36

You OK CFC hows the blood pressure? lol
You obviously aren't cut out for investing pmsl

[cfc1] 20/3/2018 16:34

Marshall now down to .6% from 2.88% in Jan....Now why would they do that chicken george?

[cfc1] 20/3/2018 16:32

exactly Unnavail....D4E.....rights issues bla bla bla.

We'll know the EXACT details of the total plan very shortly!

chcken george - go buy RBS...its a very good stock!

[unnavailable] 20/3/2018 16:29

^ as I said. After the telegraph story, all other reports just repeated.

[general george] 20/3/2018 16:28

Unnavailable,

Did Emerald pay Par then? lol