Where is working capital?8 Dec 2022 12:11
Maybe in my humble view, the share price drop reflects results September when Peterhouse have actually read the numbers and asked a sensible question where is this investment capital allocated going. short to medium term. If no new substantial revenue occurs next 12 months, the company, will run out of working Capital both to operate or to fund property development projects which requires larger equity now. Lenders, are being harder on LTC and LTV ratio's. Because you have an option, you still have to buy it, at a pre agreed level, which is historic inflated number now given property cost inflation. Just look at Inland Homes, INL on how to destroy market value in 12 months, from Bull to bear. To cover Admin company need to create £800K profits, from a £500K cap company really?