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GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
OriginalGriff24-Jan-21 11:09
mveOriginalGriff24-Jan-21 11:09 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
Nelek24-Jan-21 11:25
protectorNelek24-Jan-21 11:25 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
OriginalGriff24-Jan-21 11:56
mveOriginalGriff24-Jan-21 11:56 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
Nelek24-Jan-21 20:57
protectorNelek24-Jan-21 20:57 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
PIEBALDconsult24-Jan-21 11:54
professionalPIEBALDconsult24-Jan-21 11:54 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
Richard MacCutchan24-Jan-21 22:12
mveRichard MacCutchan24-Jan-21 22:12 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
OriginalGriff24-Jan-21 23:27
mveOriginalGriff24-Jan-21 23:27 
GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
Daniel Pfeffer24-Jan-21 22:24
professionalDaniel Pfeffer24-Jan-21 22:24 
As others have said, it sounds like they have cash flow problems. If they were in decent financial shape, they could presumably get a commercial loan or an arranged overdraft facility for much less than 10% per annum. I find that much more likely than the "poison pill" theory, because an addition of less than 10% to the total purchase cost (price of shares + liabilities) is unlikely to deter a larger company bent on consolidation.

Even if you have the expertise, looking at their quarterly reports is unlikely to help you. As my great-grandfather used to say, "a balance sheet is like a bikini; it reveals everything - except the important parts." Smile | :)
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.

GeneralRe: Oh dear, looks like another small energy supplier is going bust? Pin
Nelek25-Jan-21 3:20
protectorNelek25-Jan-21 3:20 
Generalcandidate for hyperbole of the month ? Pin
BillWoodruff24-Jan-21 4:36
mveBillWoodruff24-Jan-21 4:36 
GeneralRe: candidate for hyperbole of the month ? Pin
Greg Utas24-Jan-21 5:33
mvaGreg Utas24-Jan-21 5:33 
GeneralRe: candidate for hyperbole of the month ? Pin
Nelek24-Jan-21 5:35
protectorNelek24-Jan-21 5:35 
GeneralRe: candidate for hyperbole of the month ? Pin
dandy7224-Jan-21 8:07
Memberdandy7224-Jan-21 8:07 
GeneralRe: candidate for hyperbole of the month ? Pin
Stefan_Lang24-Jan-21 22:12
mveStefan_Lang24-Jan-21 22:12 
GeneralRe: candidate for hyperbole of the month ? Pin
Greg Utas25-Jan-21 0:38
mvaGreg Utas25-Jan-21 0:38 
GeneralRe: candidate for hyperbole of the month ? Pin
MadGerbil25-Jan-21 2:06
MemberMadGerbil25-Jan-21 2:06 
GeneralRe: candidate for hyperbole of the month ? Pin
Stefan_Lang25-Jan-21 6:40
mveStefan_Lang25-Jan-21 6:40 
GeneralRe: candidate for hyperbole of the month ? Pin
MadGerbil25-Jan-21 6:42
MemberMadGerbil25-Jan-21 6:42 
GeneralRe: candidate for hyperbole of the month ? Pin
Slow Eddie25-Jan-21 2:11
professionalSlow Eddie25-Jan-21 2:11 
GeneralRe: candidate for hyperbole of the month ? Pin
Kirk 1038982125-Jan-21 3:17
MemberKirk 1038982125-Jan-21 3:17 
GeneralRe: candidate for hyperbole of the month ? Pin
Gary R. Wheeler25-Jan-21 14:05
MemberGary R. Wheeler25-Jan-21 14:05 
GeneralWhen twice as fast doesn't matter Pin
honey the codewitch24-Jan-21 2:54
mvahoney the codewitch24-Jan-21 2:54 
GeneralRe: When twice as fast doesn't matter Pin
CPallini24-Jan-21 3:07
mveCPallini24-Jan-21 3:07 
GeneralRe: When twice as fast doesn't matter Pin
Daniel Pfeffer24-Jan-21 3:49
professionalDaniel Pfeffer24-Jan-21 3:49 
GeneralRe: When twice as fast doesn't matter Pin
honey the codewitch24-Jan-21 3:55
mvahoney the codewitch24-Jan-21 3:55 

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