RE: Tuck away18 Dec 2023 11:45
I am tempted since I'm well in profit here from trading the covid bounce, I've been in and out recently but out when it just didn't feel right, I had a feeling something was up when it didn't bounce with conviction and my gut was right. The debt situation is the main concern but the bank have increased the facility recently by £3m, this is touch and go though and you could easily get a further rns in time saying they've broken the covenants, you could however just as easily get an rns saying they've received settlement on a legal case that they had previously written off (they wrote down several of these to 0 on their books in a recent rns), that might be a good time to buy.