Reality Check Required10 Dec 2023 22:59
βThe restructuring, I suspect, will be an ongoing process for the next two or three years.β Robin Speakman, an analyst at Shore Capital, told City A.M.
βIt still has some way to go before we can say with confidence its problems are behind it,β Hewson said.
βDebt has come down, but it remains high and looking at the balance sheet its liabilities outweigh the sum of its cash and receivables by around Β£1bn. Given that itβs still struggling to make a profit as well as grow its revenue, there is the risk it might have to tap shareholders for more cash over the next 12 months,β he said.Β
https://www.cityam.com/capitas-debt-is-coming-down-but-is-it-out-of-the-woods/