Member Info for guru121

60.5 to sell 61 to buy

i just wanted an opinion.i bought in @20p so iam still holding on and thinking of buying some more but became concerned after reading that info by illbetabuck.i thought that article was on ft.

Yesterday's announcement from Mouchel confirmed the key points that (1) covenants are going to be breached, and (2) KPMG have been appointed by the banks as flagged in the weekend press. With breaches anticipated, the situation self-evidently becomes more difficult in terms of Mouchel pitching for work in the public sector, compounding the long-standing problem of a falling win rate." "We believe there are inevitable working capital pressures on the back of these developments, and with in our assessment the net debt / liabilities of the business in excess of its likely break-up value, we reiterate our Sell recommendation with a new 0p target price." Sell and a 0p target price, is that enough?