Member Info for Cashola

I actually think they've done quite well considering the backdrop of covid. I'd be looking for any meaningful sp change 1-2 or even 3 weeks from now. Thereafter, I would expect to see sp rises with each contract renewed or gained. Don't worry about a small quantity of 'shorts' as it may be hedging. Also, closing shorts can raise the sp.

No need for 'Bye guys', it's just a disagreement due to lack of a detailed explanation capable of being understood by ordinary people in the presentation. They should have had a summary describing where money was made and where it wasn't and what they've actually been doing etc

Nobody, not even Capita, refer to EBT, there is reference to Profit Before Tax. There is reference to Free Cash Flow factoring in the VAT money, which tends to suggest that it's sat in a bank account, the slides indicate that it has been included liquidity therefore making it relevant. It would be inconceivable not to have placed the vat money into a short term high interest bearing account, 0.25% is unlikely in the least. The FY loss which has decreased is with the backdrop of covid.

Think of it like this, some business to be sold probably do not share a pool of resources with the main business or other internal business or have small margins if at all. Less turnover does not necessarily equate to less profit.

I've read the article, I think you're correct: article states "losses lessened from £62.6m before tax in 2019 to a £49.4m loss in 2020", moreover there is the deferred VAT liability which is likely to have been banked to earn interest. So on one view, yes there appears to be a further year of a loss but it is less and debt has been paid down to lessen service costs, but there is a large vat liability which is likely banked earning money. So I think they've actually done quite well.

Indeed, however, the deferral scheme was created to provide businesses with liquidity even though it's vat money. Accordingly, the question then changes as to whether the deferred vat becomes an asset and whether it earns interest.

I think money was diverted to paying down debt which carries interest etc and VAT was deferred which possibly does not carry interest under the deferral scheme... saved on the interest payments I think. I need to do my VAT return this month.

How is the £65m affected by the VAT liability?

From previous experience, I think it may take 1-2 or 3 weeks for the sp to adjust.

Indeed, and Darth Sidious, the Lord of the telly tax, will be ordering that senior citizens not devoured by covid, be rinsed blue as efficiently as possible. Oh happy days and blue skies.

Forget 'boom & bust' Labour = 'Doom & Bust'.

Don't hold your breath. If memory serves me correct, they seem to run at a loss.