Nearly four years ago Helphire (now known in U.K. as Redde) underwent a debt for equity restructuring. At the time the shares were trading at less than 10p. They are now trading at 160p.
Redde and S&G are similar businesses, so I am hopeful that if necessary, a similarly satisfactory debt for equity deal could be struck. It is in nobody's interest to damage the only group of people who can bring home the bacon, i.e. the law firm itself!
I am heavily invested here in the hope of a repeat of history.
http://uk.advfn.com/stock-market/lo...phire-Group-PLC-Proposed-Refinancing/56494074
I suggest Aussie investors look back at the history of Helphire in the U.K. now Redde (REDD) It's debt restructuring worked wonders for shareholders, and made them a lot of money and fantastic dividends. I am hoping the same might happen here.
