Stock Market News
Prices
Hibu investors face losing everything
19-09-2012 10:12
| Add To Google +1 | Tweet |
Hibu, the company that emerged from the debt disaster of Yell, says some investors face losing all their money as negotiations continue over restructuring.
The group, which publishes the Yellow Pages, says discussions with lenders over a new capital structure involve options "which may attribute little or no value to the group's ordinary shares."
Hibu also says declines in legacy product revenue means it will miss earnings targets for the full year.
The stocks lost 27% in morning trading leaving the once mighty firm's market cap at just £11.8m.
BS
The group, which publishes the Yellow Pages, says discussions with lenders over a new capital structure involve options "which may attribute little or no value to the group's ordinary shares."
Hibu also says declines in legacy product revenue means it will miss earnings targets for the full year.
The stocks lost 27% in morning trading leaving the once mighty firm's market cap at just £11.8m.
BS
| Related share prices |
|---|
| Hibu (HIBU) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price