By Tom Winnifrith, the Sheriff of AIM | Monday 14 March 2022
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.
We shall come to the matter of the £167,500 and other ESG red flags later, for now let’s focus on interims from NightCap (NGHT) which show very clearly that a cash crisis is imminent. The half year is to 26 December. That means you get a full month’s takings in what is the busiest month but since you don’t pay suppliers for at least 30 days and avoid 5 days of largely income free costs, the balance sheet flatters to deceive. I have asked NightCap on what day it pays its staff but so far it has not responded. I wonder why. Even with the bodges the numbers are dire.
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.
Filed under:
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Time left: 13:28:52