RE: Reasons to be cheerful ?20 Mar 2019 17:16
Like said before. Can't believe it's all equity. It should have been all borrowed or 50/50. What's wrong with taking on even just £15m of borrowings in the near term?
OK, in 2017 they raised a large sum but it was reasonable. Not that much under market price and with a clear vision to profitability thanks to fleet. When the management has then failed to deliver on fleet, why should we have to carry the burden with more dilution?. Management should have said alright, not this time. Our poor planning on fleet has lead to this problem, were going to do the sensible thing and take on some debt.