![]() Posted at 14:25 by 11_percent Good post Fromm iii. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million. I believe the above to be the logical course of events moving forward. The Bond Holders will have to make a ‘call’ as to whether the 'closed period discussions' that are ongoing have a better chance of returning them a greater financial outcome than Bentley being sold off at this time. I along with others will be incensed if our management go for the former having ‘cut a deal’ with the Bond Holders whereby they continue to 'run the show’ putting personal salary objectives above those of us shareholders who have long supported the company. ![]() Therefore logic would dictate that our management have to either default on the debt and take the company into insolvency with a view to an unencumbered Bentley being offered for sale as a stand alone asset with a view to achieving the best price possible on the open market with any amount realised over what is owed in settlement of debts being returned to shareholders – or – restructure the debt with the Bond Holders collectively taking a non controlling equity percentage interest in the company. Alternatively with a 75% or greater shareholding the Bond Holders can de-list XEL from AIM leave us a minority shareholders with no market for our shares - other than the possibility of a matched bargain service which would be totally unsatisfactory. The Bond Holders with that percentage have total control of the company and can do with it whatever they wish – including acting in unison as a Concert Party to buy out the remaining 19% of the shares which we currently own at the highest price they have paid for a share in the preceding 12 months. ![]() Should this happen the Bond Holders would end up collectively owning just under 81% of the company. This would leave the Bond Holders collectively owning 1,225,919,421 shares (including the 15,919,421 already owned – thanks Rosey5464 for that info) The Bond Holders are collectively owed $139 million which equates at today’s exchange rate to £96.8 million.Īssuming an 'equity for debt' swap at no discount 'par value' to the current Share Price – the company would have to issue a further 1,210,000,000 shares taking the total amount of XEL shares in circulation to 1,519,930,421. The total number of XEL shares in circulation: 309,930,421. Along with WYCO Development LLC (WYCO), a joint venture formed with Colorado Interstate Gas Company, LLC (CIG) to develop and lease natural gas pipelines, storage and compression facilities, and WestGas InterState, Inc.Posted at 17:38 by 11_percent Good post Fromm iii. Stock Price & Overview 16.79K followers 61.82 -0.29 ( -0. (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. News compares companies to their industry peers based on a variety of company fundamentals, performance metrics and investor. The Company's utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. The Company's segments include Regulated Electric and Regulated Natural Gas. The Company's operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. Xcel Energy Company profile About Xcel Energy Inc Mitsubishi UFJ Trust and Banking CorporationīlackRock Asset Management Ireland Limited ![]() Legal & General Investment Management Ltd. Itemsĭiluted EPS Excluding Extraordinary Itemsĭividends per Share - Common Stock Primary IssueīlackRock Institutional Trust Company, N.A. Interest Income (Expense), Net Non-Operating Interest Expense (Income) - Net Operating
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