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Time Out Group – short-term loan facility, how’s that balance sheet set then?

Previously writing on “global media and hospitality business” Time Out Group (TMO), last year I wrote General Meeting approval for (as warned here) material dilution – concluding that with the shares up to around 50p, capitalising the group at circa £166 million, and a profitable business proposition still to be proven I certainly continued to avoid. Today the shares are 41p on the back of a “Loan Facility” announcement.

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