RE: Agm statement22 May 2024 10:00
If I'm not mistaken net debt rose from £7.9m reported 30 November 2022 to £13.7 reported 31 May 2023.
Then reduced to £13.1m reported 30 November 2023 and stands today "at similar levels to the same period in 2023."
- My intepretation is that thaey have found £5m (or not lost another £5m).
- I don't like the term "broadly", that sounds loose to me.
- I like the term several as this could drive up the price. On the other hand my interpretation is that they are not close (waiting for trading update in 3-4 weeks time).