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
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