RE: Time to buy - here's why5 Jul 2022 11:52
The trouble is still the Net debt which I think will hold this back.
Net Debt (excluding lease liabilities) at 2 April 2022 of £1,246.5 million is £14.2 million higher than last year (FY2021: £1,232.3 million) reflecting the net outflow of £22 million for the one-off payments outlined in the Preliminary Results Presentation in November 2021 relating to deferred duty/VAT and the CMBC contingent consideration. Lease liabilities as at 2 April 2022 were £373.2 million, an increase of £1.6 million on last year (FY2021: £371.6 million)