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Britain’s ‘green revolution’ should have boosted this stock, instead it lost 90pc

“While the group is currently operating with sufficient working capital for its present requirements, the group may not have the necessary cash to make all the required investment to deliver fully the turnaround strategy to return it to profitable cash generation within the timescale targeted by the board , ”The company said.

“The board believes that the group’s best interests would be served by seeking a strategic partner to support its opportunities for growth and provide additional balance sheet strength. The board has now determined to undertake a review of the strategic options open to it in order to maximize value for shareholders. These options include, but are not limited to, a sale of the company. ”

Needless to say, the company is not selling itself from a position of strength.

There remains the danger that things deteriorate further, especially if no buyer is found and the company is unable to renew those loan facilities in the fall.

Some investors may want to hang on in the hope that the market has overreacted, but we will take what little is on the table now and sell.

To maintain the IHT exemption of the funds, readers will need to reinvest the exact proceeds of the sale in another qualifying Aim stock.

Questor says: sell

Ticker: TGP

Share price at close: 8.25p

Read the latest Questor column on telegraph.co.uk every Sunday, Tuesday, Wednesday, Thursday and Friday from 5am.

Read Questor’s rules of investment before you follow our tips.

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