The company could struggle to pay off debt as it may be unable to get new loans. Could easily go under. Feel for LTH. I had planned to buy some when it went under 1.0 pence. Glad I did not. This is a binary bet. I did notice they make little veneer. Looks like it costs more to make than what they can sell for.
Group EBITDA, up +59% to c.US$17.5 million for Q1 2023, versus Q4 2022 of c.US$11 million. And the best is yet to come. Got to be marked up heavily. Got to have a 40 pence target at least.
No one wants to buy their products. Dare they issues shares to stay afloat. Perhaps D Beckham can take it in house. Cant see it surviving to next Christmas.