RE: Time to buy again5 May 2022 13:52
Debt is roughly £170m to £200m, a bid of 10p per share means the buyer scoops up Mccolls for £230m odd which has a revenue of over a £1 Billion. CDR was a bidder and could show its hand again as the partnership with Morrisons is too high profile to let this go bust. MM's fishing for shares and opening the spread to put off buying. This looks to be similar to HUR which went from 0.70p to 10p so I am adding on the drops today although it is NT to buy any decent amount at 1.095p offer.
DYOR