RE: 2022 Turnaround?29 Dec 2021 17:46
Unfortunately there is likely to be some debt remaining to clear going forward although the equity raise and sale of KL will obviously have reduced this considerably. The Fees involved with the equity raise, the deferred tax bill along with the top up of the pension pot etc will have eaten into the funds raised. If the true debt was nil as some here are suggesting the return of the dividend would have been imminent but as A Davies suggested at the 2020/21 year end results the company needs to return consistent profits for this to be considered in the future. The January update will hopefully give a clearer picture on the remaining debt levels, the profit level achieved for the first half of 2021/22 and potential timescales of the dividends returning in the future.