RE: Big Question14 Jun 2023 08:26
Wolf,
"DTN - we'll go round in circles arguing what is essentially the same point albeit from different angles. Most business have debt. It doesn't mean they need a placing if it is non-utilised. "
I think we could yes, and id agree most businesses have debt - why risk your own cash when you can risk others. As for placing ive never ever mentioned one, personally, if they tried that (and im not/have never saying they will) then there would be an even bigger disaster here with the sp and market confidence.
"Do you not have a home if your mortgage is still outstanding? "
You have a 'home' for as long as it would take the bank, as your lender to come calling for its cash back, just ask Wigan football club.
"I'll finish with cash in the bank is cash in the bank. The line on the accounts even states 'Cash at bank and cash equivalents' :)"
Absolutely, they have £5.9m in the bank and a large credit facility of somebody elses cash, with a ticking clock for repayment i understand. They are always going to atttempt to portray the RCF as 'theirs', but it isnt, its a borrowing facility nothing more.