Shareholders representing over 40% of the total have resoundingly rejected every single agenda item up for vote at Steinhoff’s AGM. The company will
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Yesterday Casino released its Annual Results in full details, but in French. In this document, on page 85, "11.2.4 Détail des autres emprunts et dettes financières”, Casino disclose
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Boparan Q2 numbers were weaker than our model, and working capital outflows vs our expectation of inflows helped lead to a £50m RCF draw. The RCF draw does
Read MoreAmigo will cease operations after the board has called time on the capital raise. The £50m SSNs had been slated to be redeemed by May, and replaced
Read MoreThe German perfume and cosmetics retailer today announced the cornerstones of its new strategy under CEO van der Lean. As expected, it is more
Read MoreAdler bondholders voted overwhelmingly in favour of the company’s restructuring plan. The only bond not voting with sufficient majority was the 2029 issue, which
Read MoreTurkeys are voting for Christmas today. It’s AGM in Amsterdam and
Read MoreFollowing comments we have received, we have updated our figures in line with the latest preliminary figures the company has released within the
Read MoreSwiss-based “foodtech” a.k.a. vending leader, Selecta, have appointed Nicole Charrière Roos as its permanent Chief Financial Officer. Charrière Roos,
Read MoreOrpea have clarified the structure of the previously announced additional facilities and reconfirmed the annual cash sweep mechanism based on disposals. This is a
Read MoreAdler RE will be proposing to spend €30m on the squeeze out of its minority shareholders, which should then allow for the domination agreement to be
Read MoreAggregate have extricated themselves from the VIC situation clean. Developer gives up 100% of shares in the Portuguese business and in return benefits
Read MoreCasino placed 18.8% of the share capital in Assai for total proceeds of c. €730m. This reduces Casino’s stake in Assai to 11.7% and will no longer be controlled
Read MoreYesterday’s Q4 call ended on a frustrating note as we were not admitted to ask questions. We’ve been assured it wasn’t personal. Much of the
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The Company released their Q4 numbers but given the refinancing/Term Loan extension in January, significant portion of the information had
Read MoreThe Portuguese Finance Ministry is finding any reasons now to remove the top-flight at the carrier as it commences its formal privatisation. During the
Read MoreTakko’s sales through December (usually year ends in January) are on apr with our modelling, but margins seem to have been better. Gauging our implicit forecast through
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Quantum and timing of Elior's EBITDA recovery remain highly uncertain. And while the pending DMS contribution will be moderately deleveraging, we still see value cushion under
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