By Steve Moore | Thursday 14 February 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on project management and technical consultancy WYG, I concluded with the shares at circa 35p in March; Singer now expects cash outflows in that year, including further ‘separately disclosed costs’, to see net debt to… £9.8 million! With it thus set to remain cash burn ahoy, for me this currently remains bargepole ahoy!. Now an intra-day (2:30pm) “Trading Update” – and the shares slumping towards 20p…
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