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What does that mean? You can't comment if you're not invested?

And how much gets siphoned off in fees to PWC? This is now a tiny company by market cap, which is short of cash ffs!
Unbelievably profligate.

I'm a bit shocked that they had a workforce of 600.
How did they end up with so many when they don't even make the furniture themselves?

I'm not terribly familiar with this share (yet), but I do think Fishy has a point. Rarely is a 12% divi sustainable and usually when a stock declines to the point where the yield goes north of 10%, management steps in to cut the divi in my experience. It shouldn't happen that way because it's just the share price that's fallen, but it does, the divi gets cut. Personally, I wouldn't mind, say, a one third cut - after all, even the high yielding tobacco stocks won't give you more than 7-8% p.a. and they have a divi record stretching back decades (centuries even!), whereas as far as I can see ATYM has paid just the one dividend in Dec 2021.
Could be the recent sp decline is simply a sign that the market is expecting a cut, as energy costs etc squeeze margins.

Let's see if the next RNS gives us some hard sales numbers.
$12 million of cost savings in fiscal 2023 "with more to come" is not to be sneezed at.
Anyway, at least it arrested the share price decline which had resumed this morning.

Everything's up with Balfour Beatty - be nice to see some of that with Costain!

I wasn't aware that Illinois was already signed up SB. Was Iowa too? Wondering what was the point of the RNS then. Perhaps the Medicaid component?
Anyway, good to hear they are explicitly (and belatedly) focussing on revenue and reigning in costs, as Blue says. Very necessary in this period of monetary tightening.
If Blue's calculations are correct and they'll need funding towards the end of the year, let's hope it's at a much higher price because the company has made further progress. There's a lot that can happen between now and then.

I'm a LTH and want to agree with everything you've said Molly, and yet the share price just doesn't want to know and has remained depressed for a very long time despite all the company's restructuring/cost-cutting efforts...
I knew patience was required in these recovery situations but perhaps not quite this much!
Anyway, the divi helps, as you say, provided there are no more 'nasties' and they don't have to cut it.

And it continues to drift lower - down 2p today.
I'm not sure it's a dog, but I am starting to wonder if this company is more 'cyclical' than 'secular' in its growth drivers - at least more than I had appreciated when I bought in.

Speaking for myself, no offence taken and no need for the lashes!
Btw, I don't at all mind you calling out the bullsh*tters.

Yesterday you were giving a poster on the REVB board a hard time for boasting about their trading prowess after the event and here's you doing the exact same thing. Bit hypocritical don't you think?

You're a legend

Ok great, cheers!

Very useful.
I didn't know 'debt can only be reduced as it comes due'... for instance, people pay down their mortgages in advance of the due date (overpay), but this may be different.

Thanks guys, I've got a fuller picture.
Let's hope the full, or majority of, the proceeds of this proposed Pay360 disposal goes towards reducing debt this time.

Ok, those are indeed plausible Hexam
I didn't see "pre-IFRS 16 net financial debt" getting mentioned in the article eatstocks.

Yes, maybe previous announcements clarify.
It's misleading. They say two things:
Firstly they give the figure for disposals so far this year (£223m).
Secondly they give the figure for disposals in total (more than £750m).
Then they say "Cash from disposals has helped it reduce its debt mountain to £710million, from £880million", but they don't make clear which of the two they are referring to.
Maybe it's deliberately ambiguous, so punters can interpret it as they like, lol! At the very least it's badly written.

Ok, but it doesn't read that way. Bit misleading.

What strikes me is what they say at the end of that article. They say total proceeds from the disposal programme has reached more than £750million and yet the net debt (which I thought these proceeds had been allocated to) has reduced by only £170million.
What am I missing here?

https://www.cnbc.com/2022/08/14/-the-lipstick-index-is-back-and-retailers-are-trying-to-cash-in-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard