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There were adjusted items* in the period of £550.5 million (2022: £292.5 million) relating to the loss incurred on the divestment of our non-core UK fashion businesses, costs associated with closing our South Korea business, movements in the present value of put and call options and other impairments on prior period acquisitions.
Not sure what the thinking is with the above store but it hardly does our name justice in one of this destination's premier Malls. It opened last December and still looks like a corner shop in its first week. Our food shops would do well here but this doesn't show us in our best light at all. The friendly assistant told me she isn't aware of any plans to change it.
Trendz, "The deal will be done imminently."..........you mean, as in, "if not by the end of the year then certainly in Q1 2023."?
This is likely to happen, imo, but as DU alluded to, why should we believe it now as it's not like it's the first time we've been here? Again, I hope it does work for the many decent LTHs here.
Connecting, "A few apology posts being drafted this morning." I don't see that myself. They had no choice but to issue an RNS this morning after the last one and most of the less emotional criticisms have been justified. This is very much an extension comprising 'more of the same'. That said, I sincerely wish the LTH well in any eventual positive outcome.
@NGR, "I’m trying to see the settlement as a defining moment that removes uncertainty and now look forward to receiving the commercial orders in the next 12 months."
Surely, based upon Nanoco's track record to date (and this is genuinely how I feel), the greatest "uncertainty" lay not in the finances but in the "commercial orders" of which you speak, those likely being yet more of the "jam" we have been promised without delivery throughout recent years.
He'll be lucky to be able to "walk" at all if some of the shareholders have their way! Is it any wonder that quite a few on here have arrived in the mistaken belief that NANO is an AIM company.
Couldn't help but think Wandisco whilst reading today's LSE midday update: "Credit Suisse was under the cosh as it was hit with a lawsuit by US investors alleging it overstated its financial prospects to shareholders.
The suit was filed by the Rosen Law Firm, which specialises in representing individual shareholders, and claims the bank made "materially false and misleading statements" in its 2021 annual report."
IMO it will happen by the end of this month, as stated, having crossed the i's and signed-up now the budget is out of the way. That said, AIM is always a blimmin' lottery and needs to be much better regulated, again imo.