RE: Kicking myself31 Jan 2019 21:24
Looselipssinkships is the multi account holder working for the market on both boards . Yes the company needed cash and took a placing the placing raised £11.6 million for YU . Note YU has £14.6 million now 11 months later . So things obviously were not that bad . Debt free as well . You don’t have to look far on the markets to see what a privlagedposition YU are in . YU still has all the avenues open to it that the overs have used up , bank loans , bonds , loan notes , joint ventures , placing every 6 months , Wonga . Etc . But they don’t need them they got the £11.6 million in March and now have far more they are doing nicely without the debt the other shares have . Looselipssink ships and Chaebol don’t sit at a desk 18 hrs a day attacking one share for our benefit . If they did they would chose a share that has used allthose debt facility’s and was out of options .