RE: volume18 May 2019 16:18
There is escaping this is now a detressed company which bot only is losing money but has big debts. They are predicting bad sales moving forward and plan to sell an asset which makes money.
On the plus side that sale will reduce the debt which reducew payements due on the negative side less money from airline.
In the short term the net debt gets higher until they can reduce costs. Bascially the anaylist is saying net assets are the same as net debt while the company is losing money that ratio gets worse.
So they are worth 180m mkcap on potential of a turn around but current marco conditions yes brexit mean the outcome is bleak. Basically any investment and these levels is a bet on mangement turning it around while last time they had a star mra green right now they have the muppets that caused the mess.
I suggest its more likely another admin based on marco and mirco factors. Selling the airline just gives a chance but then something else needs to improve fast.