Forward looking and dedication will make "Jarvis" a name to remember. IMO

I think JRVS is finally recovering.

I've lost a lot but luckily got out in the mid 20's so not that bad. Still holding very small amount. This is going down imo until the D4E has been resolved. Although I'm a holder I would stay clear of these until that issue is sorted, unless you can afford to take a risk.

From UK-Analyst.com: April 13th 2005

Lock up your daughters. Steven "shagger" Norris will be celebrating tonight after Jarvis shares jumped 20%. Well that's probably not true - he surely won't be celebrating, actually. The reason the share price went up was nothing to do with good news - in fact the news was bad. The group's chief operating officer resigned after just 5 weeks in the role. Bears were closing positions as they bet there would be little in the way of bad news to come in the short term. But whether they are right or not remains to be seen.

I noted in the Sunday Telegraph that the D4E swap is under way with a group of American banks and hedge funds,they will control 80% of the company.

be interesting if the hedge funds went t$ts up though.

sequestor.
care to elaborate?

several hedge funds are rumoured to be on " the edge", if they control 80%, and they die, well, interesting?

Bad news indeed.

JARVIS PLC

ON-GOING WORKING CAPITAL AND RESTRUCTURING DISCUSSIONS

The Company notes the recent press report regarding its ongoing discussions with
lenders. Jarvis has reached agreement in principle with Deutsche Bank for the
provision of further short term loan facilities of up to 31.4 million to meet
its immediate and short term funding requirements and also a balance sheet
restructuring, combining a debt-for-equity conversion and subsequent 50 million
equity raising. The proposals are subject to contract, agreement of the
Company's other lenders (which is currently being sought) and will, on signing,
be subject to conditions and approvals.

The precise form of the debt-for-equity conversion is still being discussed but
it is likely that it would leave existing shareholders with 5 per cent. or less
of the equity value of the group following the conversion, depending on the
structure that is implemented. It is envisaged that this debt-for-equity
conversion would be immediately followed by an equity raising open to holders of
the share capital of the group as enlarged by the debt for equity conversion.
The terms of the equity raising would be such that the shares subscribed in this
equity raising would represent substantially all the resulting equity value of
the group. The combination of the debt-for-equity conversion and the equity
raising will strengthen the group's balance sheet and reduce the group's debt to
a low level.

Whilst these negotiations are at an advanced stage, there can be no certainty
that final agreement will be reached.

Contact details:

Bridget Fury, Merlin 020 7653 6620

it seems they want back all your shares for nothing
i nearly bought these too,

Jarvis going up everyday,any one know why !!

Olympic construction projects, remember Norris has alot of contacts in London.

What is happning !! it's going down since yesterday any one know why ?but few buyer today!

MM playing games, sp just shot back up.

Any comment please:
How far can it fall?
How many times have the restructured/issued shares?

http://www.companyannouncements.net/cgi-bin/articles/200507181200009799O.html

This thread is now: Jarvis Won't survive ( it won't will it?)*
C'mon guys, don't be so negative, there's still the prospect/excitement watching their Auditors (of past years) squirming-about explaining why they managed to overlook what was like the chip-pan catching fire when the locum chippy was sweeping the floor, to create a good impression.
When will Auditors work in the interest of shareholders, Customers, Employees and the Government (as tax-receiver and Dole-provider)? - until this nettle is grasped we must expect major companies to fold regularly, with considerable fall-out. At least when a tiddler goes it doesn't affect a whole City. Marconi, Mayflower - the list gets longer.
*(Course it won't - who would give them a contract and be willing to pay a fair price? - deals they'll attract are cash-on-completion, if you please)

http://www.indepen.co.uk/weeklynews.html

Jarvis investors approve rescue
Shareholders of Jarvis, the engineering services business, have approved a financial restructuring scheme that hands 95 per cent of the firms equity to its creditors in return for the cancellation of 350m of debt. The company had warned it would implement the plan, which it sees as the only alternative to insolvency, even without the blessing of investors.
Jarvis has announced the appointment of Richard Entwhistle, former director of the rail business of its rival Amey, as Chief Operating Officer.

isn't this a pretty risky move for somebody to leave the somewhat more stable environment of Amey? I'm thinking he must be fairly certain the company will survive.. could there be a recovery opportunity in the offing? any thoughts??

jk9: Not strictly a recovery stock. Theirs is a strategy for survival with a mediocre future and little scope for small investors seeking an exciting ride.
sd.

They don't need money anymore. Good U trurn.
http://www.moneyam.com/action/news/showArticle?id=1004585

Jarvis says will keep highway maintenance business previously earmarked for sale