22.5p when Bob Holt joined now look at it. £40 million spent on acquisitions and a current market cap of £18 million suggests those acquisitions have been a Total disaster. When is he going to realise he has screwed this company up good and proper.
I would have thought working capital was cash sufficient to cover costs wether it be materials or labour due at the time of the sale. But think we are singing off the same sheet lol.
Hopefully they have learned from the Vocare purchase.
I guess that all depends on how much working capital was allowed for, as with Vocare they underestimated how much they would need to spend to put things right. Despite what they keep saying they overpaid and they know it.
As there is no formal agreement is there a danger that the port takes over the staff that WSG are training up bearing in mind they already own the equipment being used.