-------------------MARCONI------------------------- - 500 Beiträge pro Seite

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Entscheidung über 0,01 € oder 0,10 € (und darüberhinaus) heute oder morgen !!!
In Frankfurt momentan 28 % im Plus



Marconi in the merciful hands of its bankers


Thursday August 22, 2002
The Guardian

Another day passes and still no news of the long-awaited financial restructuring of stricken telecoms company Marconi. After more tricky negotiations with the bankers, Marconi was still not in a position last night to reveal just how little will be left for shareholders.
With its roots in the old GEC - a company once regarded as safe an investment as government bonds - Marconi is at the mercy of its bankers. Shareholders, as is often the case in complex debt-for-equity swaps, will be lucky if they get even 1% of their investment after the banks have had their way.

Barclays and HSBC, the two influential players in the diverse 27-strong lending syndicate calling the shots, will hope to edge towards a conclusion today at a crucial meeting of the banking group.

The issues to be nailed down are tough, as are quirky complexities such as the fact that other parts of Barclays group not involved in the loan are running the (now worthless) share option scheme for Marconi executives.

While Marconi has £1.4bn of cash, the banks are seeking to claim as much of it as possible while at the same time trying to leave the group with enough working capital to survive longer-term. Even with their hard-talk, the banks might still have to swallow huge write offs on the £2.3bn they are owed.

Chief executive Mike Parton is likely to keep his job after what will probably be one of Britain`s most complex and unexpected corporate restructurings, on course to be included in bankers` text books as a fine example of a life-saving debt for equity swap.

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klartext?

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Heute oder Morgen wird bekanntgegeben, wie der Deal mit den Banken aussieht, ob die Aktionäre leer ausgehen oder nicht ...

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Die Aktionäre werden nicht leer ausgehen. Ihr werdet schon sehen was passiert !!

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Und dies wäre in der Tat nicht übel , an der Sanierung eines Unternehmens wie Marconi (mittels Aktien) teilhaben zu können. Von einem Kursniveau von 0,03 € aus ...!

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#4
Geheimnisvolle Aussage "Ihr werdet schon sehen".

Etwa noch ein paar Aktien übrig.

Oder gibt`s konkretes.

mfg plsch

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#6
Das einzige was konkret ist sind seit Tagen die miesen Meldungen.

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Möglicherweise Absicht???

mfg plsch

[Dilogis]

Im Moment tut sich in London nicht viel, kaum Bewegung! Das könnte also bald losgehen!

[Dilogis]

Hier nochmal der Link für die Nachrichten.

http://www.newsnow.co.uk/cgi/NewsNow/NewsNow.htm?Search=Marc…

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Warum dauert es so lange bis eine vernüftige Meldung kommt ?

Meine Vermutung ist, das sich hier einige zu sehr günstigen Kursen noch eindecken bevor die positive Miteilung kommt. Diese Verzögerung kommt doch nicht ohne Grund, da werden einige viel viel Geld verdienen. Vielleicht schon morgen !

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#11
Das hatten wir am Wochenende schon und am Montag ist der Kurs probeweise gleich mal 50% nach unten. Montag war das Wetter gut und ich war endlich mal wieder am See. Das sind diese 50% Minus Tage die ich gar nicht mag! Aber sei es darum ,Stoploss bringt bei MONI eh nichts mehr .

Das Teil kostet Nerven.

Die Meldung wird bald kommen!

EOM D.

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Marconi`s bankers talk through rescue deadline

Jill Treanor
Friday August 23, 2002
The Guardian

Marconi`s bankers were locked in meetings last night as they tried to iron out the details of the stricken telecoms group`s financial restructuring.
Led


by Barclays and HSBC, the bankers had hoped to clinch an agreement by early yesterday but the complexities of the £3bn refinancing once again meant they failed to meet a self-imposed deadline.

An announcement had been slated for last week.

The banks are owed some £2.3bn by the former stock market company whose roots lie in what used to be GEC. The banks have been trying to salvage as much money as they can for themselves while giving the company a chance to continue to operate in the longer term.

HSBC and Barclays have battled hard to keep the 27-strong banking syndicate together and have persuaded some of the other banks - particularly the foreign-owned ones - not to pull the plug on the company.

The two clearing banks are now trying to persuade the syndicate of lenders to agree to the restructuring of Marconi, which is expected to undergo a debt for equity swap typical of those undertaken in City refinancings. There has been a row over how much should be offered to furious shareholders, whose almost worthless investment fell a further 0.25p to 2p yesterday.

Some of the banks, which in effect control the company, are thought to be ready to offer shareholders 1%, although it is not clear that agreement has been reached on even this small amount.

There is also thought to be a debate about how much capital should be given to Marconi`s management to con tinue running the company and who should be in charge of the company once the financing is agreed.

Mike Parton, who took over as chief executive after John Mayo and George Simpson were ousted, is thought to be keen to retain his role.

While Marconi`s bankers kept talking, bankers to cable firm Telewest allowed it to take its next step towards a crucial debt for equity swap.

The banking syndicate said it would allow debt-laden Telewest to enter talks with bondholders to reach an agreement on restructuring. The talks, however, are still likely to take months.

"Telewest has secured the necessary waivers and consents from its bank group to permit it to enter into discussions with, among others, its bondholders concerning a possible reconstruction of its balance sheet," Telewest said.