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Re Carclo (LON:CAR) I think the bank is potentially already in charge...reason being they apparently appointed https://www.fticonsulting.com/services ...as their details appear on the bottom of the RNS ...they no doubt have provided the restructuring consultant referred to in the RNS ...this is often done at the behest of the bank where foreclosure by them is on the cards Here they’ve granted a covenant waiver...but I’m…
Because he believes the company is going bust so would rather have some cash today rather be a creditor owed a larger amount on liquidation
Hi Peter Obviously Graham can speak for himself but it’s my belief that they have substantial deal flow coming across their desk & much of it is in deeply distressed businesses where something (often not related directly to the business but to its owners) has created an urgent need for a sale ...that urgency coupled with their cash/speedy decision making means price/opportunity can trump the…
Morning Graham. Volvere (LON:VLE) issued an RNS last night https://www.investegate.co.uk/volvere-plc--vle-/rns/disposal-of-sira-defence-and-security-limited/201905231637410476A/ It’s interesting in that this was widely believed to be worth nothing bumbling along around break even for 13 years...but they’ve sold it for 500 times its cost which demonstrates they do the acquire/improve/divest model exceptionally well, I hold a 7% of portfolio position here & have done so for years so my bias is…
Hi Jonno http://www.aireaplc.com/~/medi...P16 has the details...basically there’s a loss from discontinued activities at Ryalux I’d post a picture but the the tech doesn’t seem to work for me..
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