Financially well placed18 Jan 2019 12:51
Cash rich , debt free and established with 95% of its value removed YU finds its self well placed for the coming world recession . Debt is dragging the whole market down , debt and dilution . But not here last Placing was £10 a share with all the cash plus more either in the bank or in forward payments till Q3 2020 . The market is swimming in debt the energy sector is no better yet YU have built their business with no debt and minimum dilution . Italy’s Carige Bank is doing a Northern Rock but it has far more branches . Italian Government to issue STATE bonds to bail them out AXA already said they don’t want Italian Bonds . Debt free here lots will be crushed the survivors will be in a minority . Debt free and at rock bottom price . Minus 95% . Long way back up to £10 or £14 .....