Halal recorded a loss of 20.4 million dollars in the second quarter - 4 times compared to orresponding quarter in 2021

Halal recorded a loss of 20.4 million dollars in the second quarter. Compared to a loss of 4.5 million dollars in the corresponding quarter in 2021. This follows a decrease in value of 22 million dollars of the Amos 17 satellite and 4 million dollars of the Amos 4 satellite.
By the end of 2023, the company is required to repay 102 million dollars and by the end of 2024, it is required to repay an additional 168 million dollars, all for the bond series it issued. Following the debt and the deficit in working capital of 1 million dollars, the company's accountants attached a going concern note.
The company has $76 million in cash to serve the company until the end of 2023, but due to the fact that the bonds are trading at a double-digit yield and will prevent the company from a debt cycle that will allow the repayment of the debt until 2024, the auditors inserted the warning.
Last night Chalel jumped by 20% against the background of the announcement that businessman Aharon Frankel purchased from Eurocom's receiver the option to purchase 26% of the shares of the company Chalel Communications +7.31%. Frankel has an option to purchase the shares at a price of NIS 4.58 per share. The option allows Frankel to purchase a smaller part of the company and it will be at his disposal for 17 months. The exercise of the option will be done in writing to the receiver and the completion date will be within 7 business days. As you may remember, Frankel came out of Mev Yam after a control struggle against Mega Or of Tzachi Nahmias. Frankel came out with a double return on the investment he made in the company. Now he is looking for something to do with the money, and also purchased 2.5% of Bank Leumi shares for NIS 950 million.
Halal is in negotiations to sell its control to a Hungarian group - 4iG Pic in a private offering at a price of NIS 8.5 per share. The intended buyer deals in the field of information and communication technology and is under the indirect control of the public company Gellerz Jaszai, which is traded on the Budapest Stock Exchange.
Halal, since the beginning of the year, has decreased by 16% after only in the last two days the company has soared by 33%. Its market value now stands at NIS 113 million
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