RE: Poor cash conversion27 Jul 2016 14:42
Maybe that is why this was announced in the last RNS.
Business Rationalisation
In addition to the measures outlined above, the initial actions of the business rationalisation exercise have been directed towards realigning the business around predictable revenue streams, such that the Company does not have to rely upon material one-off high value sales or major auction consignments to achieve profitability, and in developing coherent and reliable plans for the underlying businesses that will enable the Group to operate within its available funding resources.