Keyword results: loan notes

EML
EML
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Emmerson offers plenty of potential from its potash project as it begins to move towards construction and eventual production - speculative buy

There has been a lot of focus recently on how rising energy prices are going to impact upon inflation as economies start to emerge from Covid, and how that is going to affect the price of goods in light of rising transport costs, amongst other factors.

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Tern – Device Authority Loan Notes Rolled Over Yet Again & a clear failon basic maths

AIM-listed jam-tomorrow IoT Investment company Tern (TERN) has announced yet another roll-over with regard to the loan notes from principal investee Device Authority. This is a repeating pattern: every six months the maturity is pushed back another six months and the latest is that they have been pushed back to the end of March 2022. One might gently wonder if Device Authority will ever be able to pay them off or whether the conversion terms will be invoked due to lack of cash.

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SLE
SLE
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San Leon Energy deals in Nigeria could come at just the right time to take advantage of higher oil prices and an easing of OPEC restrictions

Like many oil and gas companies at the lower end of the market, San Leon Energy (SLE) has had its fair share of ups and downs over the years, but in recent times has been heading in the right direction as it builds its business producing oil in Nigeria.

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SLE
SLE
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San Leon Energy – another investment with returns from repayments and equity...

San Leon Energy (SLE) has announced a conditional investment which it emphasises “gives us the opportunity again to generate a meaningful return from repayments in the coming years as well as looking forward to a longer-term dividend return from our shareholding”

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Venn Life Sciences – loan note issued. Hold tight, fireworks on the way

Venn Life Sciences (VENN), the AIM-listed integrated drug development partner, has announced that Raglan Capital, the vehicle of Cathal Friel, has subscribed for loan notes of £250,000...

Newsboy

A ban on shorting AIM companies would lead to a lot of the bad ones quickly going bust! (TW - Gary Newman talking bollocks)

There has been a lot of talk on social media recently about a petition to ban the short selling of AIM listed stocks - although it currently only has a little over 3,200 signatures, including a few CEOs, and is well short of the 10,000 needed to even get the government to respond – 100,000 are needed for a Parliamentary debate...

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Just when you thought it was dead, The People's Operator returns

I was somewhat surprised to see an RNS pop up from The People’s Operator (TPOP) at 6pm yesterday evening announcing fundraising, as I thought that we had seen the last of this outfit and the next news we’d see would be administration...

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One Media iP – following July results positivity, a ‘Horlick(s)’ of a fundraising

One Media iP (OMIP) “is pleased to announce a proposed placing and subscription to raise a minimum of £1.9 million of new equity capital at an issue price of 6 pence per new ordinary share, and the proposed issue of up to £6 million of (7% per annum interest from date of issue) loan notes”, including emphasising the placing price “represents a premium of 240 per cent. to the price of 2.5 pence per ordinary share at which Lord Michael Grade and Ivan Dunleavy first invested in the company in December 2017”. Sounds positive then…

FOX
FOX

Fox Marble – half-year update, progress being made

Fox Marble (FOX) has updated on the first half of 2018 and that “as we move into the second half of the year our focus will remain on capitalising on growth, increasing our capacity and enhancing our product range in order to strengthen our position in the market”

SRT
SRT

SRT Marine Systems – OCEAN-SCAN satellite system decision conveniently timed re. cash position?

Previously writing on SRT Marine Systems (SRT), I noted the company’s announcement including “with many thousands of buoys and remote maritime infrastructure worldwide we believe our significant technology, product and market investments place SRT in a dominant position within this promising new market segment”but that, instead of this jam tomorrow talk, it will be particularly pertinent to review subsequent cash flow and balance sheet information – that as at 31st March 2017 having showed slightly reduced gross and net cash of £1.8 million and £0.8 million respectively. We now have “OCEAN-SCAN Satellite System” and “£10 million working capital facility” announcements…

Columbus Renegotiates Convertible Loan Notes - this is important and very good news

Columbus (CERP) has renegotiated the terms of its $8.9 million Convertible Security Funding Agreement with Lind Partners, LLC , announced by the old regime on 7 December 2016. This is big news and it is good news. 

Cloudbuy – still no sign of tomorrow's Hartleys but toast certainly on the menu.

AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.

Hayward Tyler – further extension of debt repayment, what of funds recently raised?

My previous update on engineering group Hayward Tyler (HAYT) noted “repayment of £2.4 million of short term banking facilities, currently extended to 28 February”. The following updates with the shares currently further below 40p on the back of an “Update on banking support” announcement...

Hayward Tyler – “pleased to announce” an issue of loan notes, I bet it is…

Having recently required a “£3 million increase of committed banking facilities and relaxation of financial covenants”, Hayward Tyler (HAYT) is now “pleased to announce” an issue of loan notes…

Fitbug – snubbed open offer gives directors chance to demonstrate their confidence, BUT…

“Further to the Result of Open Offer announcement of 20 July 2016, the directors… of (Fitbug, FITB)… have indicated their intention to subscribe, at a price of 0.25p per share, for certain open offer shares that have not been subscribed for by qualifying shareholders”. Good, good – a chance for them to demonstrate confidence in the June results statement pronouncement that “the building blocks of a successful business are now in place” then? Erm…

Cloudbuy – kitchen sink RNS. Buy or Bargepole? Part 2 – refinancing

I have already taken a look at the kitchen sink RNS of Thursday afternoon, issued by AIM-listed Cloudbuy (CBUY) an hour before the city packed up for Easter, with regard to re-priced options and concluded that we were looking at a reward for failure. There is much more to discuss from that RNS and here we look at the bailout refinancing which is proposed.

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