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As promised here is the response I've just received:-
We do understand the frustration and disappointment to the share price movement in the last week.
Regarding solvency, as we flagged in the results announcement, we had £282m of available liquidity at year end, we then received £51m of net proceeds from the Fera disposal in January 2024, these two combined more than covers the forecast free cash outflow in 2024.
Following the roadshow, we received positive feedback to Adolfo’s initial thoughts about the business and where improvements can be made. Looking at the trading flows, it appears that most of the trading volumes have been through retail brokers and not institutional flows (we have not received any TR1 notifications). We had good engagement during our recent roadshow but it may be that some non-holders want to hear more detail in June than commit now. There can of course be many factors impacting when an institution buys and sells shares.
@Gotout -that's true but no bank calls in a loan like this -not without serious discussion
Chaps I'm going to tell you....I'm really worried now. No ifs or buts -the RNS and Adolfo's presentation and video will be just as much to blame if this goes under from this point. Im staying in because I have too and not because I want too
@Capitaliser -I must respectfully disagree. If the SP is rock bottom what do you think is going to happen when people are deciding whether to take Capita on as a service provider.
AH has to stabilise this and fast.
I'm wondering whether the scale of the cuts proposed was the shock factor rather than the expected results. Its given the impression we are in the last chance saloon
@GOCPI-I get that but quite honestly they were all to ready to push the turnaround/return to growth narrative
AH would have been a fool to put 50K in if this was going into administration to be honest so on the face of it this seems unlikely but some II must be bailing . This kind of drop is not possible with just PIs. Is it?
@Xenor-its absolutely ridiculous to suggest this will never see 20s again
160m pounds worth of cuts are proposed which see us returning to FCF in 12 months.
What are you basing this assertion on? Are you saying there is a greater chance this goes to o than 20?