Ofcom have given green light to BT’s ambitions to roll out its own new wholesale fibre offer. The move by BT highlights how VMED O2’s ownership of its own fibre network is a competitive advantage over
Read MoreA £1bn deal at £800k per pub suggests a bias towards city centre pubs. Stonegate has been vocal about the impact of inflation on the pub business, most
Read MoreThe company announced a delay in preparing for its AGM today without mentioning the cause. As a result, the AGM will have to be moved. On the
Read MoreHas much of the legal restructuring attention been focussed on the wrong entity? Inspired by the SPAC story, we are once again making a lot of calculations this morning - although
Read MoreBondholders have funded another €10m of the bridge as their hand is forced prior to completion. Like with the last
Read MoreAnd we are a step closer. Caisse des Dépôts, plus CNP Assurances and MAIF and MACSF (Groupement), have reached an agreement in principle with 50% of the unsecured debt holders to a
Read MoreWe await a full press release from Orpea, but snippets appear to be leaked indicating the Caisse des dépôts will take a 50.2% stake post-restructuring. This was
Read MoreThe 29s this are out with an alternative plan to the proposal Adler laid out in a Practice Statement Letter late last week. The 29's aim is to become
Read MoreWith results due next week (7th February), AMS Osram announced that the CEO, Alexander Everke, has stepped down. This appears to have been planned, with the
Read MoreAfter a break in the sun, it was back to reality for me with Morrisons FY21/22 results. Nothing in our thesis on the name has changed; Morrisons is a good company with a bad
Read MoreNot sure who has blinked first, but reality has appeared to have dawned on the main parties in the Orpea discussions. Discussions have recommenced between the
Read MoreThe company continues to struggle attracting sufficient investors for its equity raise. Please let us know if you are interested and we’d gladly give the advisors a call for more information.
Read MoreThe retailer has notified the market in line with previously communicated timing that its restructuring has been
Read MoreThe 2022 Annual report is out. At this point, it won’t have significant incremental news that we haven’t been able to
Read MoreAdler issued their Practice Statement Letter yesterday after closing, which is available at Glas Liability Management. It is end of January and
Read MoreUnfortunately, the call was capped and we were somehow unable to ask our questions. The obvious ones to ask would have been about the shape of the
Read MoreThe headlines focus on the return to profit as chip shortages ease, but behind the obvious, the same topics still arise. The days of JLR continuing to increase their order book quarter after quarter will end with production ramping up over
Read MorePlease find our re-initiation of Selecta here.
We are not taking a position. Ever since we directed the name in 2017, we have been immensely sceptical about it - punctuated by a brief technical period following the 2020 restructuring. The reason has been the same from the start: World Domination is
Read MoreIs it time to look at Tullow again? Tullow is in need of direction since the Capricorn merger failed last year, and this update doesn’t really provide any real strategic guidance. Tullow’s trading statement confirms
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