From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Time Out Group – “Proposed Placing”, Woodford remaining (eventually, for the wrong reason & at a lower price, natch) correct to sell?

By Steve Moore | Monday 7 October 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 Time Out Group (TMO), last month I noted balance sheet deterioration after interims showing net revenue only 10% higher than in the corresponding 2018 period to £24.7 million, a little changed attributable loss of £11.4 million and £16.6 million of net investing spending more than depreciation + amortisation and concluded, with the shares at around 128p, I still think Woodford - albeit eventually, for the wrong reason and at a lower price! - was correct to sell. Now “Proposed Placing”

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 17:10:17