Interserve Share Discussion Threads

[apfindley] 21/3/2018 16:41

Additionally, as part of the proposed deal terms, the company anticipates that it will issue warrants to the providers of the new cash and bonding facilities to buy shares at 10 pence per share

[nigelpm] 21/3/2018 16:40

This provides a very helpful lifeline (assuming it's agreed) but I'm not sure it'll be enough.

[apfindley] 21/3/2018 16:40

WARRANTS at 10p a share. We told you yesterday.. This will be annihilated tomorrow morning.

[general george] 21/3/2018 16:39

20% increased share capital, still £834m debt lol

[nigelpm] 21/3/2018 16:39

yeah, huge short interest will see it spike - no doubt.

[h2owater] 21/3/2018 16:35

Good news!Over 100p tomorrow

[alchemy30] 21/3/2018 16:34

That was the part I was interested in, market ignoring it in the auction at present

[nigelpm] 21/3/2018 16:33

Additionally, as part of the proposed deal terms, the company anticipates that it will issue warrants to the providers of the new cash and bonding facilities to buy shares at 10 pence per share (the nominal price of each share). If exercised, this would provide the warrant holders with an interest of up to 20% of the post-issue share capital.

[liamnich04] 21/3/2018 16:31

Debbie White, Interserve's Chief Executive, said:



"Today's announcement is a significant milestone for Interserve and a major step in securing a firm financial platform to underpin the Group's future. We are encouraged by the support from our lenders in respect of these new facilities, which will allow the new management team to execute our business plan, focused on delivering a great service for customers, driving growth and restoring value."

[feileb] 21/3/2018 16:25

CC2014

You will need to tell the CEO that and not me!


But it won't change anything - no d4e until mid 2019 - sorry that is just the facts,

I can't help it if you do not like the facts!

[feileb] 21/3/2018 16:21

GG

Fake news haha.... just keep your head in the sand then

Maybe this news will just go away, probably never happened, just a dream, you couldn't have got it totally wrong, impossible

Keep telling yourself that as the share price rises

Denying the truth doesn't change the facts

[cc2014] 21/3/2018 16:17

feileb21 Mar '18 - 15:35 - 8443 of 8452
0 1 0
GG

According to the CEO, the reason why d4e is off the agenda until mid 2019 was
due to the current low share price and instability of the share. The are looking for more institutional investors (currently only 35%) for less uncertainty in the share price The CEO stated a d4e currently would not stack up financially as the share price is too low - they would not raise enough equity / reduce enough debt.


Your post shows you do not know how D4E works. It is not dependent on the share price.

[feileb] 21/3/2018 16:15

Katgirl,

No not 80,000 employees -just those at their new Birmingham office

You nearly were right on one front - bank covenants will be extended to mid April to sort the legals on the financing agreement if required

[cfc1] 21/3/2018 16:15

katgirl....you clearly DONT keep in touch.. Debbie was at RMD K today...'town hall' meeting today..she did the same a week earlier at Capital Tower Waterloo

[maxidi] 21/3/2018 16:14

katgirl86
Only 2 posts and nothing else. So another troll.

[general george] 21/3/2018 16:11

Yes Katgirl,

This fake news is being pumped around on LSE boards a lot - lots of poor mugs have bought in pushing the price up - over 10% today.

Good for shorters, who can increase into any spikes.

Would not surprise me if the emergency funding was extended to April, if so that's a sure sign it's a D4E. GKP took 3 months to sort the detail out for the D4E on that one, and I would expect similar for IRV.

I also think some of these new posters are the same person with Multiple ID's
It's very entertaining though, a lot of good fun had today

GG

[cjl62] 21/3/2018 16:11

Katgirl I work for IRV and no i didnt attend any meeting today but the information i was given last week by a senior figure in IRV (Board Level) Reflect exactly what has been posted on this board today.
Believe it or not and yes I am long and NOT ramping.

[maxidi] 21/3/2018 16:09

katgirl86
21 Mar '18 - 16:00 - 8449 of 8449 (Filtered)

[katgirl86] 21/3/2018 16:00

I no longer work for IRV but keep in touch with a few who do, and none of them know anything about this meeting to which "all employees" were invited (all 80,000 of them!!). I also don't believe Debbie White would give out the information she is alleged to have done before any formal announcement. If the negotiations were going as well as the rampers claim then I think there would have been an announcement by now. I'm hearing that the banking covenants will be extended to the end of April to buy a bit more time to put a deal together.

[general george] 21/3/2018 15:56

feileb,

Tks for your concern, I don't need your advice tks.
pmsl

Let's revisit in a couple of weeks lol

[obiwoncanary] 21/3/2018 15:51

Announcement this week would be good for the nerves!!

[eodfire] 21/3/2018 15:51

Not a good day for shorts. Oh well.