Net cash and receivables 17 million is the full amount in cash and owing but the brokers will have accounts , any big wins by them will come off that figure. If you look back through the previous results they have had much bigger broker receipts and still failed miserably at the year end.This company was a competitor to IG at one time and also a big takeover target who would believe it now !!!
Quick question; does ' Net cash resources and amounts due from brokers amounted to £17m at 31 December 2015' mean cash and trade recevables total 17m, or will TR's be counted separately? At the half year cash was 13m and TR 13.4m, so either
Just par for the course with this one. I sold out when they paid megabucks to buy a domain name off some bloke in the street. Only hope here that I can see is if some lunatics find value in making an offer for the Company but I wouldn't hold my breath. I was so fed up with them I should really have shorted it when I dumped my holding. Hey Ho! You live and learn.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.