RE: Cash Position7 Aug 2022 13:52
Like yourself Captain back of fag packet,assumed a starting position of zero before the placing which is probably wrong,added placing,added Abingdon payment,added CD4 stock payment,then deducted £300k x 5.I have also assumed they have been break even with the remaining part of the business.I also take no notice of FinnCaps price targets but they do serve a purpose of sorts.If you look back pre covid you can see what attracted Richard Sneller as a shareholder here and if they are cash positive going forwards they should not really be valued at this low level.