Yell Group Share Discussion Threads

[ninja 19] 25/7/2012 10:38

Comedian


I am not that bad. :)

[ceebsy] 25/7/2012 10:37

want to go to AGM tomorrow but shares held in nominee account, have I left it too late?

[tomboyb] 25/7/2012 10:35

Comedy 7.5mill!! - I suppose u may have trading time which gives u leeway here -

Best of luck -

[ninja 19] 25/7/2012 10:32

All rounds bellini, crew

[ninja 19] 25/7/2012 10:31

MM1

you are my alter ego in a parallel universe.

[ninja 19] 25/7/2012 10:28

The best thing for yell now, is to make sure the company survives and their employees. Shareholders are irrelevant now

[ninja 19] 25/7/2012 10:27

DL

why would they do that?


The bondholders will be owning this company in due course. They are working with bondholders already, for D4E.

Bondholders take 99%, shareholders get wiped out.

Recapitalise it, and then float it again, they rake it.


The enterprise value is still about £5bn.



If they are smart sell some assets, but too late for that now, they won't get the price. They should have done a year ago.

[tomboyb] 25/7/2012 10:26

DL - I think you are correct in assumption - If there was a D4E with the entire debt then the company could potentially be overvalued considering the current circumstances -

It'll be interesting to see how they do it and looking at the current equity - as a guessmate 1-2% after conversion hence a capital reorgainisation first followed by D4E -

A haircut would need to take place on the debt for an appropriate valuation if they thought the valuation of YELL would be overvalued after D4E. That in turn leaves little or no value in the current equity.

[hvs] 25/7/2012 10:22

U was warned.

[davidlloyd] 25/7/2012 10:20

Ninja 19,
With all due respect, if you were in charge of a dog company with a pile of debt, would you not try anything to maximise debt reduction?

My comment was only a statement, not a recommendation to invest in Yell.

DL

[hvs] 25/7/2012 10:18

I has TOLD U,

ITS BANKRUPT.

[bingowing] 25/7/2012 10:13

DL,

Exactly!

[bingowing] 25/7/2012 10:10

DL


YES!!

[tomboyb] 25/7/2012 10:09

Dusseldorf 25 Jul'12 - 09:42 - 73620 of 73632

As some shorts close, new ones will open, and so goes the way of the world.

A company that only managed to reduce it's debt pile by 1% in 3 months whilst showing a near 30/40% decline in ebitda has a ticking clock - the time for d4e is accelerating. Problem is, with declining revenues it's not worth anywhere near £2bn even if all debt is taken out.



That is the risk - The company may not be worth anywhere near the debt pile. If there is an opportunity then a big haircut needs to be taken on the debt levels by creditors -

[casino444] 25/7/2012 10:09

2000 million in debt says it all

[clocktower] 25/7/2012 10:06

comedy, Are you suffering serious losses? If so I sympathize. It can be very tuff coming to terms with losses, my advice is if so - cut loose and move onto another stockwith what you have left, and do not look back.

[davidlloyd] 25/7/2012 10:05

Bingowing,

Also - see note (3) 'Live websites include 72,000 of revenue generating Moonfruit website customers, excluded from % increase calculation'

So increase in live websites understated too?

DL