Our stress test from March 17th showed the company scraping by on the basis it had to close for only 4 weeks. Clearly we are beyond that point now and the company announced today that
Read MoreLycra have reported their Full year numbers to December 31st 2019, with reported adjusted EBITDA of 123m, down on lower volume and
Read MoreStill going through the details of tStill going through the details of the results, but a couple of points to make:
1 The covenants on the RCF have been suspended and will be tested in September 2021. This is prior to
Read MoreMorale suffers when the seas are high and the captain is under deck.
The news that Tina Mueller will be out of office for several
Read MorePro-Gest had a super strong call.
Conclusion: We expect Pro Gest to hold on to most of their
Read MoreAdient management made several important observations on the call this week:
1) Especially since raising the additional 600m last month, the company has
Read MoreIf Evercore ‘ever' had a plan at the start of their engagement, that is surely out the door by now. Nevertheless, the company made an interesting comment
Read MoreVery confident and nearly bullish call from TEVA management on the release of their Q1 results. Leverage
Read MoreGiven the Company released a shorter statement in March with headline numbers, there was nothing new on past performance. Guidance limited
Read MoreA full restructuring is required to ensure the survival of Codere.
Even prior to Covid-19 we were
Perhaps an acknowledgement to the realities fo the situation, INTU have appointed David Hargrave as Chief Restructuring Officer. David has previously been a partner at PwC and EY.
Separately,