Paul Scott19 May 2019 19:59
Yes this note was before £5.00 drop on Friday.
Equivalent to Nav now and with an ebitda of circa 25 million.
Banking covenants are not even in the equation here, I work in the automotive sector and they have the market cornered.
Take it lower than £3 is fine so I can load up again, this will be back over £5 .50 in the next few weeks.
The HRMC case over work clothes will be settled soon.
100 million wiped off the market cap in 8 hours after a drop in ebitda of 20 million - really I just love a market overreaction like this :-))