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.
- By Steve Moore
- 2022-08-24 13:42:38