Trading Summary - 09 October 2017IndicesFTSE 100 Index - 8,245.73 (-0.13)FTSE 250 Index - 23,586.61 (-0.12)FTSE 350 Index - 5,192.34 (-0.08)FTSE AllShare Index - 4,314.78 (-0.13)FTSE AIM UK 50 Index - 6,345.29 (+0.01)The major indices were down, except for the UK 50 Index, which showed signs of the top 50 companies in the UK strengthening their share in the markets in London. Here are some of the major international companies trading on the stock exchange:Superior Transit Systems (STS) [DUX] - 97.01 (Up)Renata Kligenberg, Ltd. (RKL) - 75.782K Games (2KG) - 30.21 (Down)Samsung (SMSD) - 945.02 (Down)Royal Bank of Scotland Group (RBS) - 246.72 (Up)BT Group (BT.A) - 283.15 (Up)Morrison's Supermarkets (MRW) - 232.04 (Down)GlaxoSmithKline (GSK) - 1,532.34 (Up)Commodity PricesOil (crude) - £32/barrelPetrol - £1.11/litreDiesel - £1.56/litreGold - £1,143/t. oz.Silver - £16.45/t.ozPalladium £744/tonneCopper £6,834/tonneCommodities all saw steady increases over the course of the current Q3, with Duxburian petroleum production not coming fully back online, causing a price spike in the price of crude oil somewhat. North Sea oil concerns are also a part of the increase in oil prices. Precious and non-ferrous metals all held strong on their trades.Currency exchange£1 = $0.99 (Aus)£1 = K:1.06 (Dux)£1 = A£1.05 (Angleter)£1 = I:1 (Inq.)£1 = ₯1.03 (DTA)The pound held strong against the major economies of Europe, increasing its exchange value in relation to the kael and the Angleteric pound as both values slip, one potentially the purposeful calculation of a government that wants to promote exports, and one as a result of a slowing of growth, creeping ever closer to recession.
The Marrakechian FA and Adidas has once again to extend its partnership over the upcoming UEFA championship with creating new kits for the Marrakechian National Team. Under a separate agreement has been made with Kawkab Marrakech under kit sponsorship.Adidas will cooperate with the UEFA by sponsoring the body and tournament.
In re: Mobius Brands Limited, et al. Case No. 16-0707 (KL), Jointly Administered
On 08 June 2016 (the “petition date”), certain creditors (the “creditors”) of Mobius Brands Limited (“Mobius”, together with the creditors, the “parties”) filed an involuntary petition against Mobius and all of its subsidiaries ("the debtors") under Section 3 of Llanowar’s Bankruptcy and Insolvency Act 1835 in the bankruptcy division of Grand Royals' Court — Ayr ("the bankruptcy court"), citing Mobius’ breach of the contract among the parties signed on 08 May 2016 (the “creditors’ contract”). The creditors’ contract, which was included with the filing paperwork, stated in part that Mobius would begin talks to sell some of its assets before the petition date. The six cases were assigned the case numbers below ("the bankruptcy cases") by Her Ladyship Kris Lewis ("the judge") in the bankruptcy court, where they are being jointly administered under the case number 16-0707.
The judge appointed Acme Partners Limited interim administrative agent and set 08 July 2016 as the deadline for Mobius to dispute the petitions (the “dispute deadline”) before adjourning the hearing.
On 09 June 2016, Mobius submitted a signed waiver of the dispute deadline (the “deadline waiver”) to the judge to accept their negligence. Before adjourning the appearance, the judge set 08 Aug 2016 as the date for a hearing regarding any asset sales (the "sales hearing").
On 22 June 2016, Däniken Brands Limited placed a £22.1 million bid for Copper Fit, Ltd., including the assumption of £8.7 million of debt, through its newly-formed CFA HoldCo Limited subsidiary (the "CFA bid"); Majesco Products Limited submitted at £34 million bid for Mobius Home Products Ltd, including the assumption of £11.3 million in debt, through its newly-formed RepairCo, Ltd. subsidiary (the "RepairCo bid"); and Showtime Media Limited submitted a £51.8 million bid for Mobius Comics Limited and Mobius Ventures Ltd. ("the publishing assets"), including the assumption of £18.3 million in debt, through Comic Acquisitions Limited, a newly-formed subsidiary of Showtime Global Ltd. (the "CA bid").
On 23 June 2016, W. Woolworth Limited placed a £19.2 million bid for Funko, Ltd., including the assumption of £8.3 million of debt and an assurance the Funko brand will live on, through its newly-formed Funko Limited subsidiary (the "New Funko bid").
On 28 June 2016, Tecmo Enterprises Limited placed a £52.4 million bid for the publishing assets, including the assumption of £18.5 million of debt, through its newly-formed Sonic Entertainment Ltd. subsidiary (the "SE bid").
On 01 July 2016, Mobius Brands Limited submitted its monthly operating report (MOR) for June 2016 to the bankruptcy court.
Mobius Brands Limited 16-0707
Copper Fit, Ltd. 16-0705
Funko, Ltd. 16-0706
Mobius Comics Limited 16-0708
Mobius Household Products Ltd. 16-0709
Mobius Ventures Ltd. 16-0710
08 June 2016: Petition date
08 Aug 2016: Sales hearing
1. Involuntary petitions
2. Creditors’ contract
3. Appointment of Acme Partners Limited as interim Administrative Agent
4. Deadline waiver
5. CA bid
6. CFA bid
7. RepairCo bid
8. New Funko bid
9. SE bid
10. June 2016 MOR