UK 02:00 Friday, 9 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We noted the other day that AIM-listed Igas Energy (IGAS) had warned on its bond covenants in the dire Interims statement released last week. But it appears that we are not the only ones a tad concerned about Igas’ financial health.
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Comments
Mr Point of Order
“As Tom Winnifrith repeatedly reminds us, just as you don’t get a little bit pregnant – you either are, or are not – you are either compliant with the bond covenants, or you are not.”
Well. Correct me if I am wrong, but the above ‘statement’ is a load of shite given things are slightly more complex than that.
The Clever bond/whatever holder comes in without a clue and the bird chats/touches it up. The Clever bond/whatever holder thinks he is ‘on’ with Cheryl Cole and goes for a shag in the toilets. Some months down the line the bitch is pregnant, cannot pay her dentistry bills and turns out to be some ugly slag with a history and the Clever bond/whatever realises he has just spunked £N Millions up some smelly cunt and now knows he has to pay it more or give it terms to stop it forcing him to take over the house and shitting on his portfolio.
Apart from the words… I think that might be closer to the mark.