Trading update should be soon. I am expecting them to say that my retirement plans are coming along nicely. I too have a relatively sizeable holding here. GL. :)
"The Loan Facility will continue to have a secured fixed and floating charge." - and that will be on the assets of the company. Does the company have greater than �300k of tangible assets?
Does anyone know how debt funding works or means? Or are we just chucking things in the air?
And lastly for debt funding to make commercial senses then the net profit margin has to be higher than the cost of capital. Is the net profit margin greater than 8%?
Sheesh!