RE: Can't wait for this to come in13 Mar 2024 20:21
Fair comment.
The last accounts were all about whether SDRY could continue as a going concern. The £144 million loss included a tax bill of c£65 million which didn't help. Cash is obviously tight but JD underwrote the equity raise last year so he obviously believes in the Company.
The rights to the name were sold however most I come is from Europe so that tells me the brand has value.
Hilco? Hmm. When you hear the name then it creates concern however they are in the business of lending for profit so, if the loan is approved, then I think it buys another year to turn the Business around.
The SP has fallen recently even with low volume. The PI's are worried so are being out but we have seen other larger players buying.
What a quandry. I personally am down 36% on a 50k investment and chucked another 10k in today only to take another fall.
I believe the company will survive but we need some good news. A buy out would be very welcome from me and we will know in 2 weeks or less.
I still think this is worth a punt however the SP is looking pretty battered. I like facts and not hope however there are no facts presently so hope it is.