RE: Buy in IC14 Mar 2019 09:56
IC View
Sirius's shares leapt 9 per cent on this development, although the as-yet-unnamed bank still needs to complete its due diligence and internal approvals. Should this fall through, it’s not clear whether a “pause” in talks with other lenders can be easily resurrected, particularly with the Woodsmith project coffers set to run dry in a matter of months. Still, this news appears positive for our long-term buy call (23p, 25 January 2018), even if events are set to come down to the wire. Buy at 19.7p.
Last IC View: Buy, 20.4p, 23 Jan 2019