RE: Placing/Rights Issue26 Mar 2020 09:37
Any source for this "cash burn"? Daily Telegraph reported on the 19th of March that the cash position was ~£1.7bn, with only £151m of debt due for repayment within two years. Given the government is offering to pay 80% of wages to staff who are furloughed, the company seem in a decent position to weather this and increase market position once it's over (especially given TUI and other competitors are in a more precarious position). Interested in hearing the counter arguments, but I got in at 270p per share, so am not worried about holding my position long term.