Watch Out Interserve are on way out

[Rob Foster]

Inter serve going down this week , maybe via administration ..mentioned it a week or So ago , we have no money in there centralheatking

 

[snowhead]

They're going to be re-structuring their debts apparently.

Would that be placing them in a dark corner and walking away?

 

[Rob Foster]

They're going to be re-structuring their debts apparently.

Would that be placing them in a dark corner and walking away?

Code talk for sub contractors not to get paid ..usually
Chk

 

[Pickwickpick]

Yep, unsecured creditors will probably bear the brunt of it, i.e. generally those can least afford to loose the money. They are talking about doing share dilutions too iirc which will be a hit for current shareholders, but then that's the nature of speculative investments, my sympathy is pretty slim.

 

[Rob Foster]

Yes but the sub sub cons always
Get bashed ...I hate it
Chking