They pay down debt and back shares. They will be in a good financial position in a year. Especially if they manage to sell Smartbrief on a decent EBIDTA multiple.
Another 6 percent fall on no news and low volume. Shorters have done well. But our PE is less than 9 and FCF yield is 18 percent now. A bid would not be a surprise at these levels tbh.
Is not it great that the FCA can make rules that can be enforced retroactively by the companies concerned? It is like giving you a fine because you smoked some cigarette in a club 20 years ago.
Well, they stand at 4.86 so far (from marketscreener) and they lended some shares out according the RNS. But FTSE and Sp500 are down today but our SP held up nicely!