In my head there's a long list of reasons, but the important ones I will explain;
- Capital restraints
- Portfolio sizing
- A lack of a new customer within the past 12 months. (This doesn't change my overall thoughts of the business, but I would find the business much more attractive if it can win another contract. Even if the share price lifts, I believe the risk-adjusted thesis would be more attractive).
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Can Plexure take off now?, page-221
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