Hedgehog ignores interest rate rises in his maths. Taking YOY figures as a basis the interest cover is at best marginal compared to the limit @ 25% of EBITDA. What financials do you rely on for your optimism?
Might I politely suggest you review the bank covenant regarding interest cover? It is detailed in last year’s published accounts. I leave the maths to others but will be interested in any comments
Keep guessing and using up your ink supplies. Your posts are confusing, unfocused and self contradictory. I comment on facts and leave the speculation to others. There is a blatant stock overhang out there
I pointed out early Tuesday morning that we should expect to see RNS/s revealing sales by institutional holders as the market makers were “short” of 188k shares. Schroders fessed up to 35k yesterday and this morning Canaccord belatedly fessed up to another 115k. Shore Capital revealed on Tuesday that it had bought in exactly 115k shares to trade with on Monday. Coincidence ? Or are the sellers taking any available scraps from the table ? Tread carefully
Thank you for latterly confirming that my observations are In fact drawn from the public domain (this website) despite your initial malicious unfounded accusations. Institutions assisting liquidity? Really?
Market Makers appear to have gone “short” of 188k of MM shares yesterday (Monday) ? Really ? and the price continues to fall yet again ? This is a repeat of recent patterns . Let’s see which Institution has been supplying stock to mug buyers when yet another 8.3 RNS comes out today. Massive overhang/s which can’t be sold in a lump so being drip fed to the market to hoover up any demand
Institutional investors appear to be lending stock to market makers to satisfy “demand”. They then disclose actual sales via RNS next day. Any other interpretation?
Latest guidance was 23 July 23 . Unless I have missed something ? That’s an eternity ago in current economy. Presumably no noise from BOD now until 19th Dec after “lack of any bids” period expires on 18th. Bad news is always delayed. Good news would have been announced by now
Why pay Deloitte to sell the company, as ordered by the banks, when you can get Hedge to sell it, equally unsuccessfully, for free ? He’ll be able to buy it himself if SP goes own much further
Cannacord sold 220,000 shares yesterday. A sign of their confidence ? Disclosed late the following afternoon (today). Delayed due to a long lunch ? I doubt it