Just pointing out the obvious25 May 2017 17:12
But if a contract is in place then the banks would have easily offered to finance the invoice, so why do a placement at such heavy discount. Also consider that the contract is a shared partnership of £22m, most contracts field around 8% profit after cost and construction, leaving a profit of around £1m per party involved, over several years you wud be banking around £200k. This isn't a recurrent contract and we don't have a pipeline of £22m down the line, so it's fair to say it's no surprise why this is tumbling