We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Raymarine | LSE:RAY | London | Ordinary Share | GB00B040K612 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
14/5/2010 21:00 | So where does it state that the creditors and the adminisrtation costs will amount to no more than say £500k or .5p per share? | mike111d | |
14/5/2010 20:57 | Debbie - because 35p is unlikely to get approval from competition authorities. The review would take a long time during which time the business could suffer and if not approved where then? Maybe the business is ok and the 20p offer is still there or maybe not. Creditors would rather the certain money now. They don't care if shareholders get 20p or 35p and administators' first duty is to get money back for creditors. | yuka | |
14/5/2010 20:52 | DC, I find these sorts of situations interesting, as you may learn something here today which is to your benefit somewhere else going forwards. | mike111d | |
14/5/2010 20:49 | Jeez mike are you still at work? Not impressed, and I don't hold here. DC | daicaprice | |
14/5/2010 20:45 | I still dont understand how 20p - costs is better than 35p - costs ? | debbiegee | |
14/5/2010 20:44 | OD, but .5p for creditors and all associated fees only amounts to circa £400k, sorry but that does not stack up IMO. | mike111d | |
14/5/2010 20:42 | OK well done I've got some at 12-13p from 2day, however, rather would have sold at 18p! Or 35p in a couple of months. cheers! | officerdigby | |
14/5/2010 20:40 | Well, i think a buy for 62000 at 13p is a bloody good investment if a couple of months of inactivity will reap 19.5p. Thanks very much... | sapper2476 | |
14/5/2010 20:38 | what a stitch up. | cool_hand | |
14/5/2010 20:35 | Mike it's in the posted document 20p is estimated to be reduced to 19.5p. End of. Long boring wait for holders. And unfortunately Garmins 35p nipped in the bud. Mike this has been a long twisting story... Likely you haven't grabbed all details in last 5 mins! | officerdigby | |
14/5/2010 20:32 | so were looking at 19.5p correct ? as there were no creditors or am i reading this wrong ? 17. Will shareholders get any of their investment back? The exact amount available to shareholders will depend on the amount of any creditor claims that may emerge and the costs of dealing with the administration. Based on current information, this would equate to approximately 19.5 pence per share. We are not currently aware of any unsecured creditors of Raymarine Plc, however, the administrators have a legal duty to advertise for such creditors. | daytraders | |
14/5/2010 20:26 | I just had a quick look and the banks held a charge over all of the assets with the exception I think it was for the Spanish subsidiary, so no question about the payment not clearing the bank loans. It looks like the creditors could amount to circa £10m but should not be any more than that, so 20p less all professional fees, less say £10m is roughly what you should end up with. So possibly less than some may of hoped for but better than a poke in the eye with a sharp stick. | mike111d | |
14/5/2010 20:21 | 17. The exact amount available to shareholders will depend on the amount of any creditor claims that may emerge and the costs of dealing with the administration. Based on current information, this would equate to approximately 19.5 pence per share. | coley007 | |
14/5/2010 20:18 | 20p after bank debt paid of circa £96m But minus any other outstanding trading liabilities, costs It was all in previous RNS's that were better worded. However gutted for holders as Garmin have been unable to give shareholders 35p minus costs. Shystir mngment got their own way. However all their own way would have been 0p. As advertised b4 Garmin came on scene. | officerdigby | |
14/5/2010 20:00 | I choose 8p after assuming suppliers are owed around 40 days on invoices todate but my mate reckons it could be nearer 65 days. | envirovision | |
14/5/2010 19:46 | It's all a bit confusing but the reason I chose 8.75p is usually ordinary punters like us get screwed in situations like this, so lower your expectations and you might be less disappointed. So whatever you were exepcting, halve it. | induna123 | |
14/5/2010 19:36 | 35p:-am i to late. | roystonoyston | |
14/5/2010 19:33 | Very confusing | mallorca 90 | |
14/5/2010 19:31 | Flir rns 18.07 states 20p a share before costs DJN NEWS just out states shareholders will recieve 20p but also states we have debts of 20p per share ? ! How long will it take before we know? | debbiegee | |
14/5/2010 19:27 | Raymarine PLC (RAY.LN) sold itself to Flir Systems Inc. (FLIR) in a deal worth about $180 million, after Garmin Ltd. (GRMN) earlier Friday publicly revealed its own, lower bid for buy Raymarine if it entered administration. A release Friday from Raymarine, which makes marine radar and other navigation devices for leisure boats, said its board couldn't complete a solvent sale and placed the company in administration. The Flir deal was reached shortly thereafter and followed a "thorough" mergers-and-acquisit Raymarine also said it decided the Flir deal was the best possible outcome for workers, shareholders and creditors. It estimated the deal would equate to a 20 pence per-share return for stockholders but couldn't be certain until it fully calculates creditor claims. The stock closed Friday in London at 18 pence. In a separate release, Flir said its purchase of Raymarine Holdings Ltd., which represents the entire business operations of Raymarine and its subsidiaries, included repayment of all Raymarine's debt and about $24 million, which is equivalent to 20 pence a share. Earlier Friday, Garmin announced it was willing to buy Raymarine if it entered administration, saying its offer would lead to Raymarine shareholders getting at least 17.5 pence a share. Shares in Flir were down 3.8% at $29.10 in recent trading amid a broad market decline, and Garmin's were up 1.8% at $33.50. | knowing | |
14/5/2010 19:22 | As per that link it is a poorly worded RNS then. | mike111d | |
14/5/2010 19:20 | The RNS clearly states 'The sale represents the entire business operations of Raymarine and its subsidiaries. | sapper2476 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions