Mouchel Share Discussion Threads

[nathandc] 31/7/2012 18:00

Fastbuck

How do you know they failed or the timeline has not been extended or a compromise agreed.

Do you have some new information?

[fastbuck] 31/7/2012 16:49

The company has failed (at least by close of the market) to hit its target restructuring date of today ... they are now due to pay a futher GBP8.0m due at date of restructuring. If there was a chance of survival its getting slimmer.

"If the Restructuring is achieved by 31 July 2012, then depending on the timing of the Restructuring, either no restructuring fee would be payable or a fee of between GBP1.5m and GBP3.0m would be payable. In the event that a Restructuring is not achieved by 31 July 2012, an amendment fee of GBP8.0m would be payable. Such additional amendment fees shall be payable on the earlier of 31 July 2013 and the date of the Restructuring. Pending the repayment of the Group's borrowing facilities in full, the restriction on dividend payments will remain in place."

[nathandc] 31/7/2012 15:58

Let the buying begin - must be something positive to come. Interesting week a head.

[highlyirrational] 31/7/2012 15:01

HEY LOOK!!!!!!!!!!

[highlyirrational] 31/7/2012 11:16

auction, is this the end or a new beginning?

[nathandc] 31/7/2012 10:59

I am in at 7p against the wishes of my all knowledgeable Dad and licking my wounds. - The money and pride makes this even more painful.

Lets hope these guys can turn the ship around - got to be worth more than current mkt cap?

[the corpse] 31/7/2012 10:38

I fear the worst,..rigor mortis is about to set in!

Mustang Sally bites the dust, RIP!!!

..............................
sally 1 28 Mar'12 - 12:10 - 3593 of 3852

THIS IS JUST HOW IT SHOULD BE.KNOW ONE KNOWS WHAT IS COMING TOMORROW;IT APPEARS THAT EVEN THE MM;S HAVENT GOT A CLUE. I GIVE GRANT RUMBLES FULL CREDIT FOR NOT GIVING IT AWAY.REALY LOOKING FORWARD TO FINALY GETTING ALL THE UNCERTAINTY OUT OF THE WAY SO WE CAN FINALY REACH 35 PENCE IN THE NEXT FEW DAYS OR SO. NO I;M NOT JOKING.

sally 1 28 Mar'12 - 16:45 - 3597 of 3852

THANK GOODNESS ANDY BROWN VALUES MOUCHEL AT 35 P HE IS THE BEST CONSTRUTION ANALYST OUT THERE BY FAR. I WISH I HAD TOOK MORE NOTICE OF HIM WHEN I WAS THE LARGEST PI IN COSTAIN, ANYWAY I AM CONFIDENT .

[highlyirrational] 31/7/2012 09:28

million indeed pikey, slip of the finger

[narindg] 31/7/2012 09:26

it is very sad to see this company like this .. on the verge of death.. it was a good trading company.. i remember buying in at around 9p and then selling at around 17p.. twice..

[pikey01] 31/7/2012 08:42

£180Million, not thousand.

[htrocka] 29/7/2012 08:06

'Sources close to the talks say Mouchel is set to make an announcement on Tuesday, and while talks "have not been easy" an agreement is within reach'

[paulmurphy777] 19/7/2012 13:14

I assume so only based on the fact that it's the banks they owe all the money too. I think it's a debt for equity deal they must be looking at so heavy dilution to come. Same happened to me in irish life and permanent. got my share cert through the other day, toilet paper lol! I can pick them!

[druinsky] 19/7/2012 12:48

are they still talking to the bankers?

[paulmurphy777] 19/7/2012 12:24

thanks pikey, hmmmmm, so they're damned if they do and double damned if they don't

[pikey01] 19/7/2012 10:17

From the 2011 report:



Page 8


"As explained (in the Chairman's statement), it is intended that a restructuring of the Group's balance sheet would take place prior to the end of the current financial year in the interests of the Group and its stakeholders. This restructuring may include the injection of sufficient additional equity capital to enable a refinancing of the business or a change of control (the 'Restructuring'). If the Restructuring is achieved by 31 July 2012, then, depending on the timing of the Restructuring, either no restructuring fee would be payable or a fee of between £1.5m and £3m would be payable. In the event that a Restructuring is not achieved by 31 July 2012, an amendment fee of £8m would be payable. Such additional amendment fees shall be payable on the earlier of 31 January 2013 or the date of the relevant Restructuring. Pending the repayment of the Group's banking facilities in full, the restriction on dividend payments will remain in place."

[paulmurphy777] 18/7/2012 13:41

What's the story with this £8mill if they can't get the restructuring done by July 31st? see some reference to it on other forums - it to do with breaking banking covenants again?

[jojo_jo] 15/7/2012 13:00

£3m company with a £1.1bn order book. Unbelievable! Atrocious financial management.
Not a holder by the way. Waiting to see d4e proposal. We may already be at 'little or no value' level?
IMPO/DYOR.

[bubble pricker] 13/7/2012 19:27

My fingers are glowing warm with anticipation of a nice profit from my 4p short.

[anandi] 12/7/2012 15:14

"All the options being considered will result in there being only limited value for existing shareholders"

What a shame! Disappointing as my shares came through my husband's share save scheme, but more shame me for not realising the mess the company got into through trying to expand too fast. All shares are risks and I don't imagine there is anyone who hasn't got their fingers burnt at some stage.

[bubble pricker] 11/7/2012 09:10

Anandi, once again for you:

From the 11th June RNS:

"All the options being considered will result in there being only limited value for existing shareholders"

Of course this will not stop you from later moaning once your shares are worth 0p.

[anandi] 05/7/2012 18:55

It's dated 7 June 2012 - I don't remember seeing it before so should, perhaps, check the company website more often!

[pikey01] 05/7/2012 09:31

Did you check the date of that news, Anandi?