Member Info for You_Having_a_Laugh

It is in black and white and true and not hearsay. There for everyone to see and why the share price is where it is. There is danger of a dilution to sort out the liabilities.

Ibunco, page 106 of the 2019 annual report under Maturity Profile of the debt with over £15M due within one year or on demand. The year ends soon

Dont they have to pay back £15M by end of July this year and will they need to issue more shares to cover it?

10p - 14p.

I think theres a chance we could touch 14p again.

I know it well. Small world. That area and Tipton has improved but needs some serious wealth creation to move in. Take care SJL. My childhood was spent around there and Oldbury, Rowley.

Black Country people turn up all over the place.

Can't keep her out of Tesco, Burnt Tree? An old stomping ground for me near British Federal and Mad O'Rourkes pie factory. Long time back. Wolverhampton has been a hotspot.

They were not all doing that. China has misreported and others documenting a co-morbidity as the cause of death of it existed, or as pneumonia.

Not buying back sub 6p is ridiculous. Probably use future uncertainty as the excuse but that's lame. Disappointing, looks poor.

Hopefully, depends what you read but China worried about a 2nd wave of outbreaks. Always a risk until there is a vaccine for everyone or enough people have had the virus.

For all anyone knows he might have sold down some more.

Totally agree bakky. There is a window. If it is to remain independent let's hope for some extra innovation to come along to add growth/spice as I can't see an annuity model alone gaining much of a multiple.

I think investors are frightened off by the net debt and the chance of there being a funding round to strengthen the balance sheet. I dont know if there will be a funding round but it looks a logical way to go and they dont have much runway until a big weadge of debt is due to be paid to a bank that is having it's own problems.

Ewan, its the debt now. Cash is king and PHD is underwater to the tune of about £35M and some of it needs paying back soon but the company doesn't have the cash to do it. The uncertainty alone is killing the share price not to mention the fact of the net debt. Where will they get the money from? Shareholders? Sell part of the business?

We could see a funding round to help the balance sheet. Get ready with cash just in case or there's a chance we will be diluted.

A big debt bill is due to hit soon from one of the banks that needs the money and net debt is hanging over this like a bad smell. Net debt scares the market at times like these and ratings downgrades are coming thick and fast in the US with the UK to follow that will push up servicing costs. Houdini would have a problem getting out of this straight-jacket.

Vox markets interview today.

Rather than special divi more like tender.

Additional return of cash to augment dividend when appropriate. Good.

Cash position, adding back in one offs, very strong.
Excellent.