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 business events group Hyve (HYVE), in March I concluded the shares are currently down to around 22p, capitalising the company at around £180 million. I thus suggest material upside potential on macro situation improvement, but currently also in “dialogue with our lenders in relation to covenant headroom and facility flexibility”, for now, still at best on the watchlist. The shares are now around 68p – but that follows a 10 for 1 share consolidation with a rights issue, and now it further updates…
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