Real facts27 Jun 2020 20:55
Is nobody worried about this below :- ?
Behind its well-known brand and semblance of cash flows, the AA has some of the hallmarks of a zombie company, stumbling forward in search of its next debt fix. Then again, even if its borrowings were slightly less onerous, we fear the pricing and growth of its membership model would complicate any shareholder-led recapitalisation. Regardless, creditors are on top and the possibility of a major upset is real.