RE: Restructuring5 Jan 2022 09:29
Would need to have sight of the Bsiness purchase agreement for visibility.
I read it as confidence, taking 100% control of a growth part of the business and theOCTG inventory purchased.
Rosy buzzwords aside, I read it as a positive and ready to move on to the recovery post covid phase.
Dividends continue at a similar rate, this has £3+ sometime in the future although above £2 would be a nice start. 2p below breakeven for me now so am content to hold and add.
GLA
Not a recommendation.