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.
Describing itself as a “leading provider of premium serviced production facilities to the UK film and high-end television industry”, Facilities by ADF (ADF) has issued an “RCF, Asset Financing and Lease Extensions”-titled announcement emphasising that those “provide the group with significantly enhanced financial flexibility in support of growth initiatives and working capital requirements. The group continues to target operating leverage in the range 1.0-1.5x adjusted EBITDA through the business cycle”. What’s the detail, with the shares up from recently below 10p to 11.5p but also having been near 30p just over a year ago?
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