Sounds like they will be doing just that: "our aims over the coming 12 months are to conserve cash for our shareholders, to proceed cautiously, and take advantage of ever-decreasing rents."
Great update today. Increasingly I think investing in TRR is preferable to individual companies which all too often blow up or turn out to be run by crooks. Hoping for a re-rating once the dollar peaks and metals prices (esp. gold) recover accordingly.
Alternative lenders are hardly flavour of the month right now but there must be value here surely? "Core" EPS (Retail, Vehicle, Real Estate and Commercial Finance businesses only) of 69p/sh in the Aug 22 interims.
Not entirely clear what the lawsuit is about - is it over compensation for illegal mining? Anyhow, today's announcement taking on Amazon should raise LIT's profile, though I wonder about the prospects for success.
Re: What is happening here no clue19 Oct 2022 09:14
Some headwinds but overall reassuring. Especially liked these bits:
"Available liquidity at 30 September 2022 was over €1.0 billion with no major debt maturities scheduled until 2027....the Group is comfortably on track to meet analyst consensus expectations for EBITA in the 2022 financial year."