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Ann: COVID-19 Market Update, page-4

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  1. 1,089 Posts.
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    I'd be taking a close look at the financials when they are released.
    While the P&L may look good for the first half, it'll be the balance sheet which will need a closer look.
    I suspect they haven't got a lot of cash as they go into the second half year, a period which could see a number of their stores closed or at best trading below expectations with Covid-19 for who knows how long.
    With their current level of debt and limited cash they are not in a good position to fight this as they stand now and I suspect they will need further funding of one form or another.

 
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