RE: Hold30 Jan 2018 09:13
There is obviously a LOT of bad blood with investors and the BOD here, understandably so! However emotion and shares tend to lead to over reactions IMO (sometimes up, sometimes down). Short levels are now markedly dropping, broker ratings released after the RNS are much higher than SP, institutional buys coming in.... I personally think this is over baked. Although debt could be a serious problem if they don't keep those profit levels to chip away at it.
For me dividend payments near equivalent of 13m is folley with a debt mountain, I think if profits become an issue, bin the divi and get that debt down.