An integrated support services company.
17-Nov-2017 – 41.5p – £178.6m – PER 1.99
Covenants Deferral – Test date extended from December 2017 to April 2018.
At least they seem to have the backing of the major stakeholders (and the banks), guess they don’t have much choice! I hope for a happy outcome here but I won’t be backing it.
22-Dec-2017 – 17.25p – £74.2m – PER 0.79
Update On Financial Covenant Deferral – A little more breathing room with support from the major stakeholders (and the banks).
Still got my fingers crossed for a happy outcome for holders here – But I will not be considering joining them.
15-Jan-2018 – 14.2p – £61.1m – PER 0.68
Compulsory Liquidation – The news many were expecting!
Seems like having your fingers crossed does little to warrant a happy outcome for holders here. Hopefully the impact on those involved will be handled appropriately.