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NMCN – refinancing for “working capital” & “to take advantage of the growth prospects”. ER...
Previously writing on UK engineering and construction company NMCN plc (NMCN), last week I concluded that I’d review again on the promised further refinancing announcement but for now continue to hope prior warnings were heeded and to avoid. The shares had since risen materially but are currently again falling on an update that “the company is pleased to announce it has entered into conditional agreements to recapitalise nmcn by way of a £24.0 million fundraising”...
- By Steve Moore
- 2021-06-21 13:30:37