Thursday, October 2, 2008

This lot will be bust in 6 months time

Oakdene Slumps After Becoming First Builder to Breach Covenants

Oakdene Homes Plc fell 56 percent in London trading after becoming the first publicly traded U.K. house builder to breach its loan conditions during the current property slump.... Oakdene is currently relying on a ``temporary facility,'' while conducting talks with its banks.

Posted by disillusioned @ 10:16 AM (577 views)
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3 thoughts on “This lot will be bust in 6 months time

  • i was in my local building society today, the girl told me they were getting laid off in december…

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  • disillusioned says:

    According to City AM, the company is relying on a temporary loan from RBS and Natwest, but the loan ends in 6 months time.

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  • disillusioned says:

    According to City AM, the company is relying on a temporary loan from RBS and Natwest, but the loan ends in 6 months time.

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