Kimberly Ent. Share Discussion Threads

[eezymunny] 07/6/2016 09:30

Yes cashmachine. I understand that this company's assets less its liabilities is MINUS 23 million euros even if this latest stuff goes through. The company in Q1 made an operating LOSS of E300k and a LOSS before tax of E472k.

The company says "The financial statements are prepared based on a going concern basis. However, management believes that the above mentioned conditions indicate the existence of material uncertainties which cast significant doubt on the Group's ability to continue as a going concern."

KBE is pretty much toast still unless more rabbits appear from a hat.

[cashmachine2] 07/6/2016 09:14

EezyI don't suppose you noticed that for the 1st 3 months of 2016 revenue was the same as the entire 2015. Working on this assumption then revenue likely to be pushing £6m pa.Do you understand anything about property valuation?

[big bull billy] 07/6/2016 09:13

2. Decrease of the current liabilities by EUR36.2 million.
3. Decrease of the non-current liabilities by EUR7.8 million.


Those will no longer be on the balance sheet (EUR 36.2m + EUS 7.8m .EUR 44m euros. doh (positive Impact)



the negative impact
is
1. Decrease of the non-current assets by EUR25.6 million.


Eur 44m - EUR 25.6m = EUR 18.4m positive impact






1. Decrease of the non-current assets by EUR25.6 million.
2. Decrease of the current liabilities by EUR36.2 million.
3. Decrease of the non-current liabilities by EUR7.8 million.
4. Increase of the Company's equity by EUR18.4 million.

[eezymunny] 07/6/2016 09:04

Err in the 1st quarter results



the net liabilities are stated as MINUS E41.824m. So this uplift in equity value just takes the situation to MINUS E23.424m.

More miracles required for the shares to be worth anything!

[big bull billy] 07/6/2016 09:00

Maybe that's why company equity is now euros 18.4m

36.2m+ 7.8m -25.6m = net 18.4m euros equivalent to 14.5m sterling

[euclid5] 07/6/2016 08:53

Liquid - what about the below - means their non CA has dropped in this restructure?

Decrease of the non-current assets by EUR25.6 million.

[liquidgold1] 07/6/2016 08:44

Mm's in desperate need for shares BIONGGGGG

[big bull billy] 07/6/2016 08:40

18.4m euros is equivalent to 16p

and we are at 1.5p to sell.

MMS playing a blinder stopping people from buying

[big bull billy] 07/6/2016 08:38

Read well people

Liability down 35.2m

Increase in company equity by €18.4m= 14.5m

equity now about£ 1.3m




Based on the results of the first quarter of 2016, in the event of termination, the Company estimates that the effect on the financial statements of the Company would be as follows:

1. Decrease of the non-current assets by EUR25.6 million.
2. Decrease of the current liabilities by EUR36.2 million.
3. Decrease of the non-current liabilities by EUR7.8 million.
4. Increase of the Company's equity by EUR18.4 million.

[liquidgold1] 07/6/2016 08:36

10p and I will give you my full holding nowhere below

And we'll done for smelling the coffee to the ones who did as early as I did

[euclid5] 07/6/2016 08:35

The consolidated financial statements have been prepared on a going concern basis, which assumes that the Group will be able to raise funding to meet its obligations to the banks, its employees and service providers, as disclosed in note 27.a.iii.


At 31 March 2016, the Group was in breach of EUR 33.9 million of lease payments. After the reporting date, the Company further breached its obligation to pay by an additional amount of EUR 0.1 million.

Should any party commence bankruptcy proceedings against Marina Dorcol, the Company would lose control of Marina Dorcol and would be exposed to uncertainty with respect to compensation from the bankruptcy estate, since the Company will be in the "last row of creditors".

The financial statements are prepared based on a going concern basis. However, management believes that the above mentioned conditions indicate the existence of material uncertainties which cast significant doubt on the Group's ability to continue as a going concern.

[bared_bones] 07/6/2016 08:33

fwiw - been following for a while. Given how corrupt Belgrade is at the moment I can't believe this will go thru the courts. I think KBE will be looking at a nice settlement from some friendly middle eastern gentleman to relieve them of this rather needed asset.

[big bull billy] 07/6/2016 08:33

Only 24m shares free float out of 87,7m

[colin12345678] 07/6/2016 08:29

yes everything moving in the right direction

[big bull billy] 07/6/2016 08:29

equity 18.5m is equivalent to 16p !!!!

and we are trading at 1p.

[big bull billy] 07/6/2016 08:25

18.5M eUROS = £14.5m

Let's say worst case scenario AIM share trade at 50% discount to NAV. Bang 7.25mil equivalent to about 8p

[liquidgold1] 07/6/2016 08:22

Mm's dear friends I am afraid you will have to pay me 5pence for mine

And that is for a small portion of it

If you want the lot I expect 10p take it or leave it!

[big bull billy] 07/6/2016 08:22

I think yesterday morning marked it down on open then they took it up by 515%.

[big bull billy] 07/6/2016 08:21

here we go.

I believe delayed reporting buy in the backgroud

[oilbuy] 07/6/2016 08:21

The spread is mental

[big bull billy] 07/6/2016 08:20

They are looking for the itchy fingers

[liquidgold1] 07/6/2016 08:19

Know the game. They have not dropped the ask only the sell guess why this is going to explode

[cashmachine2] 07/6/2016 08:14

87.7m shares in circulation with 74.9% classed as not in public hands.Freefloat is ridiculously small so with any buying pressure the price goes ballistics like seen yesterday but that was on such small volume.Shot to 3.38 - IMO don't be fooled by the MM games - they're making it incredibly difficult to buy which is very telling!

[colin12345678] 07/6/2016 07:56

This is how it looks presently





This is how it will look once developed