Yell Group Share Discussion Threads

[freddie ferret] 25/7/2012 12:56

WSGROKSIT.
Ninja19

[wsgrocksit] 25/7/2012 12:54

Who is that in response to?


freddie ferret 25 Jul'12 - 12:49 - 73701 of 73701

Exactly.

[ninja 19] 25/7/2012 12:43

FF

rights issue at what price?





do you know their mcap now? Near zilch, it's almost buying the company 80 times over compare to debt

[ggekkko] 25/7/2012 12:41

its been said many times, dilution is priced in

those in under 5p will stand a chance in the reworked business, but outside of that, no chance

[freddie ferret] 25/7/2012 12:40

I'm puzzled where a dilution could come from with a mkt cap this size. Any money that the current management could raise from current shareholder (via a rights issue) would be peanuts for this company. Cash can be used to buy back debt at a discount (and has been). A debt for equity swap might be possible with some lenders, I guess.

[wsgrocksit] 25/7/2012 12:34

They used the word "May" not "Will"!


crosswire 25 Jul'12 - 12:28 - 73696 of 73696




Yell warns review will lead to shareholder dilution
Share



25 July 2012

Phone directories company Yell Group said it was considering options that may result in a dilution of existing shareholders' interests, as part of a capital structure review.

"The group intends to consult with its key stakeholders, including lenders and shareholders over the coming months in order to put in place an appropriate group capital structure within the current financial year," the company said, adding that no decision had been made yet.

Yell, which publishes paper phone books around the world, has been working to build on its digital offerings but continues to be weighed down by a massive load of debt. Net debt stood at £2.18 billion as of June 30.

In May, the company reported a massive £1.42 billion loss before tax for last year and said it appointed Goldman Sachs and Greenhill as advisers to assist it with putting in place a new capital structure.

For the first quarter ended June 30, Yell said revenue fell 15% to £331 million and that the adverse revenue and margin trends it reported in May continued to impact financial performance

[crosswire] 25/7/2012 12:28

Yell warns review will lead to shareholder dilution
Share



25 July 2012

Phone directories company Yell Group said it was considering options that may result in a dilution of existing shareholders' interests, as part of a capital structure review.

"The group intends to consult with its key stakeholders, including lenders and shareholders over the coming months in order to put in place an appropriate group capital structure within the current financial year," the company said, adding that no decision had been made yet.

Yell, which publishes paper phone books around the world, has been working to build on its digital offerings but continues to be weighed down by a massive load of debt. Net debt stood at £2.18 billion as of June 30.

In May, the company reported a massive £1.42 billion loss before tax for last year and said it appointed Goldman Sachs and Greenhill as advisers to assist it with putting in place a new capital structure.

For the first quarter ended June 30, Yell said revenue fell 15% to £331 million and that the adverse revenue and margin trends it reported in May continued to impact financial performance

[ninja 19] 25/7/2012 12:23

Because they want to short, and get 99% when d4e happens


Copestake 25 Jul'12 - 12:21 - 73693 of 73694

Had an email from Galvan stating why it's time to buy lol

[copestake] 25/7/2012 12:21

Had an email from Galvan stating why it's time to buy lol

[spennysimmo] 25/7/2012 12:19

I don't day trade, not my thing.

[55sl] 25/7/2012 12:16

Outlook

As previously announced, the Company is reviewing its capital structure. The Group intends to consult with its key stakeholders, including lenders and shareholders, over the coming months in order to put in place an appropriate Group capital structure within the current financial year. A number of options are being considered and, while no decision has been made yet, certain options may result in a dilution of existing shareholders' interests. Until this new capital structure is in place, the Group is unable to give a clear forecast of results for the current year, however, the adverse revenue and margin trends reported in May continue to impact our current and expected financial performance.

How can anyone be upset with the board when the message is clear!

[ninja 19] 25/7/2012 12:11

Fair enough.


anything interesting on your radar?


I have done well in on Pog today, not bad a return of 10%+ since yesterday, sold in the peak.


Keep a look on EMG though

[spennysimmo] 25/7/2012 12:05

It was just an example to explain my point. Not an expectation of what will happen.

[ninja 19] 25/7/2012 12:04

There's a bit difference between administration and D4E due a breach of covenants, and it would be the company that can put itself in administration, it will be the bondholders if they recall their debts and of course yell does not have £2.2bn


The company is still cash generative, but the debt burden is unsustainable



spennysimmo 25 Jul'12 - 11:30 - 73676 of 73685

How much more monumental than formally sewing the seed for shareholder dilution would you like? I am sure that if the company announced administration someone would see it as a buying opportunity.

[ggekkko] 25/7/2012 12:00

Copestake 25 Jul'12 - 11:52 - 73683 of 73684

Galvan have jumped on board lol.

Ive just opened a long albeit took 10 goes with IG. 500 a point, not like I can lose much


what?

[copestake] 25/7/2012 11:52

Galvan have jumped on board lol.Ive just opened a long albeit took 10 goes with IG. 500 a point, not like I can lose much

[comedy] 25/7/2012 11:50

lol daz get back to the washing son...think we need it whiter...pmsl...from not being in to being massively down and selling out to posting inanely...the mm's need those shares:)

[warwick69] 25/7/2012 11:49

fenseal3 why the f... are directors going to buy when they Know dilution is on the cards dont be so stupid!!!!!

[comedy] 25/7/2012 11:49

cheers ninja. i cant reply on the pm as not premium.

dont worry wont post there and a bit down at mo...this type of action on your stock can be draining...especially as my other big stock has been hit hard and in wilderness...so think will come back friday after the mm's churn people about today.

[daz14] 25/7/2012 11:48

Unreal....seriously....the company is totally fu*ked. How much clearer does it need to be?

fenseal3
25 Jul'12 - 11:39 - 73678 of 73678
Now the bad news is out the way and the share has dropped it would not surprise me to see some news on directors buying today...couple of days and we will be back to 1.7p