Shares in Ten Alps (TAL) have continued to fall on the back of results for its year ended 30th June 2016, which noted “a disappointing and painful period for the group”, but also that “hard decisions have been made and remedial actions taken to structure the business for success”. Hmmm...
I’ve previously noted balance sheet pressures for Ten Alps (TAL) - and now preparation of full-year accounts for 2015-acquired Reef Television indicate “that the full deferred consideration and loan note payment of £1 million will be due to the Reef vendors for the first tranche”. It’s thus placing and debt manoeuvring ahoy…
Having slumped from 2p following a profit warning in May, shares in Ten Alps (TAL) are currently recovering slightly on the back of a “Closure of Ten Alps Media Limited” announcement...
Having recently noted that TV and multimedia content producer Ten Alps (TAL) faced an unenviable combination of issues, the company has now announced that “Mark Wood, Chief Executive Officer, has notified the board of his decision to step down as CEO and as a company director with immediate effect, which was accepted… The company has no immediate intentions to appoint a new CEO”. Hmmm…
Having recently gone in just over two months from being “on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term” to having “continued to sustain losses in certain parts of its publishing operations… these continued losses are likely to result in the group not being profitable for the year as a whole”, Ten Alps (TAL) sought to somewhat reassure with that it “is in advanced stages of discussion on the disposal of certain areas of its publishing business”. We now have an announcement of “the disposal of the trade of Grove House Publishing Limited, one of its publishing subsidiaries, for a cash consideration of”…
Having recently gone in just over two months from being “on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term” to having “continued to sustain losses in certain parts of its publishing operations… these continued losses are likely to result in the group not being profitable for the year as a whole”, Ten Alps (TAL) has now announced a “Loan Agreement”…
8th March 2016: Ten Alps plc (TAL) “remains on track to generate a full year profit for the first time in a number of years and to continue momentum into the medium term”. 17th May 2016: “The group has continued to sustain losses in certain parts of its publishing operations, the turnaround of which has taken longer than expected. These continued losses are likely to result in the group not being profitable for the year as a whole”. Uh oh…
