RE: The Reality is.21 Jul 2024 16:41
This has been playing out for years since the FSS contract award and Kevan's involvement to do down HW with his links to other connected parties.
HW withstood until now despite the opposition. There will be a positive solution for the works but as regards equity that may be different.
My thoughts are for someone this is a multibagger once assurances given for either Riverstone (in the same way Dunkerton ditched the open offer), the rumoured acquirer but hopefully the ordinary shareholders to once the recapitalisation completes.
GLA and again the result of reading tealeaves and between the lines. Nothing more.
Re accounts, as an FCA, of course they can be finalised with a qualified opinion or going concern doubts expressed. The directors can make a statement to the contrary and now with the £20m bridge (alledgedly) in place, perhaps this will come this week as well as the lifting of a suspension.
Will still go 8 [4] rather than [0].
May flatline this week but a faint pulse is there IMHO.