Tuesday, 30 June 2015

PM Bolt-On (Par Deux): APR Energy (No Change), will they be able to keep the lights on! (Poor I know).

Good Evening,

There's 'gossip' of a calamity of a cash call for APR Energy (APR) going on at the moment. Somewhat valid after the trading updates and levels of debt. Whether this is based on the need for a huge discount being offered to achieve an underwritten rights issue or the lack of overall interest. The market will find out in due course.  

EMC: APR Energy time to press the button (6th March 2015) & EMC: APR no change 16th June 2015 No change in the view. APR should have raised sooner rather than later. Wiping out most of the equity for holders. GE contrary to earlier suggestions does not appear to be the wannabe White Knight. 

One to watch over the coming days.

Atb Fraser

No comments:

Post a Comment