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Yes they were already prepared for a downturn in the economy. As the bod seen to be well experienced and very confident in all areas of this groups needs and risks. See the website for more details. And you see they are growing and expect to grow more with demand. From covid. They have also started digital lending and collecting. I think this is better than amgo. In there too. But a lot of uncertainty in all areas there. All imo but we will see. Gla.
and they’ve addressed the technical covenant breach.
They already have changed the way they score as in the June update. And then on the covid update they have said its working very well. It’s all on the website. I think the next update will be strong from what they have published.
Any equity raise would be accretive to the business. Would just allow them to borrow more and lend more. It’s valued at £15m - only 320m shares in issue so quite volatile.
Almost certainly they will need more Equity. Be careful greater than 5p. The £50m cash will deplete as Q4 coming and loan Issue will outstrip Returns and Costs. They usually operate the Group on a £15m Cash pile. However ; if Loans do outstrip Returns / then that’s Positive / so long as they get a grip on Impairment levels.
I fancy they will be changing the Model used for at least one of the Companies and this will require cash. FCA also hanging.
All in the Balance here. All caused by the Pandemic and Negative Media.
Well positioned for a rise. Ha ha.
The longest vinegar stroke ever !!
Average volume is 11.5 mill. Could you possibly imagine what would happen if we got back to that level. I like the control of the sp. as a spike is nice but can put some off. Time to buy. We’re you fast with ntog. As that’s a trap of a share. They issued shares as payment for years. And then they sell them into any rise. I hope you done ok.