RE: 9.3% of shares need t9 be bought back23 Aug 2020 22:37
"Yet the share price remains at all time lows"
No, it's 150% up on all time lows and USA (75% of business) has only just started to reopen after previous delay and obviously there is still levels of uncertainty and fear by many around the world.
It will take time to solidify full confidence, thankfully this is a business that does not require anything like 100% capacity on a regular basis so it can (and likely will) recover at a reasonable pace.
Pre covid I didn't see the business model being seriously questioned , share price £2+ for 5 years while also having already taken on a lot of the debt.
A business that can operate on relatively low average capacity and at low percentages profit on turnover clearly has a MASSIVE potential to increase bottom line to more than cover debt cover.