RE: techs & fundamentals all in place26 Mar 2020 07:37
Mpac has a strong balance sheet, is well financed and remains debt free and is therefore very well positioned to navigate the COVID-19 pandemic. The Group has c.£19m of cash and cash generation in the first two months of the year was in line with management's expectations. Additionally, the Group has access to a £10m secured committed revolving facility which is currently fully undrawn. Even in cautious downside scenarios which we have modelled, and stress tested, we expect to have sufficient liquidity from existing resources to meet our needs throughout 2020.
I'd suggest current level sp it's pretty much priced in and MCAP nicely positioned for recovery in a few weeks , it's all about boucebackability potential for companies, thankfully MCAP are financially sound