banking covenants

1987 days ago

TrakM8 – is it in breach of banking covenants yet? Methinks yes! What is HSBC demanding?

TrakM8 (TRAK) served up dismal interims late last week but as I warned then, things could get an awful lot worse. It all depends on how much the bankers at HSBC and panicking and what they are doing about it. TrakM8 needs to fess up to investors and make a statement.

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2383 days ago

Reach4Entertainment – banking covenants breach… but no need for alarm

Having previously warned of a potential breach of “monitoring covenants” in the third quarter, Reach4Entertainment (R4E) “has now determined that the quarterly monitoring covenants for the third quarter of this year have been breached and has notified PNC”. However…

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2674 days ago

Reach4Entertainment - breach of banking covenant update - this is good news

Reach (R4E) flagged up in its FY numbers in May that it would probably breach banking covenants. It argued this was a technical matter of no concern but the shares slumped. We urged you to buy then.

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