RE: RNS1 Nov 2021 15:50
EBITDA (cash from operations pre working cap movements) has chewed through £12.3m cash. With £4.7m cash as at 31/7/21 assuming £20m t/o at 25.53% GM, pro rata overhead and depreciation projected EBITDA for 5 months to Dec 21 is -£1.9m before considering interest, deferred consideration, capex, etc. so a further equity injection for non gas storage operations looks likely late this financial year or early next. Interesting to see how directors approach this.