RE: New photocopier needed maybe ?!4 Aug 2024 10:20
Well at least we know why you are so biased now, fanboy confirmed.
It doesn’t matter which metric you pick, this has been one of the worst financial investments in recent memory.
Debt has gone from 385m to 1.2bn, sales have not improved even with the DBX saviour, burned through the best part of 2bn, another 2bn required over the next 4 years for electrification, raising car prices into a recession/slowdown, the list goes on.
I called the company running out of cash, the very least they should have done is raise the extra 135m at the time of the refinancing, to save on the huge fees, again. Proof management have no clue on very much at all. It was obvious all liabilities could not be covered. All Paul can do is troll me over the finer details.
Will need to check and report back on how much that wxtra debt will cost per annum until 2029.
If the Middle East kicks off, you’d all better hope 135p support sticks.