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|Not sure how the shareholders managed to float this junk
but i guess they deserve some credit for that
I bet they can't wait for the lock up agreements to end :)|
|From the Admission Doc
The Group has incurred net losses in recent years and may not be profitable in the future The Group incurred losses before income tax of £12.6 million and £21.0 million for the financial years ended 31 December 2014 and 31 December 2015, respectively. Although the Group’s revenue increased from £26.9 million in the financial year ended 31 December 2014 to £28.5 million in the financial year ended 31 December 2015, the Group may not be able to maintain the rate of its revenue growth in future periods as a result of a variety of factors, including increased competition and the maturation of the business, and there can be no assurance that the Group’s revenue will continue to grow or that it will not decline. The Group expects its operating expenses to continue to increase as its operations are expanded and, therefore, to be profitable the Group will need to increase its revenue sufficiently to offset higher expenses. Historical revenue growth and operating expenses should therefore not be considered as being indicative of future performance and there can be no assurance that the Group will be profitable or when the Group may be able to achieve profitability.|
|Time Out, the iconic listings and city guides publisher, chose a bleak day to make its debut on the Alternative Investment Market.
The shares fell to 139.5p after the company, in which entrepreneur Peter Dubens is a major shareholder, raised £90million last week by selling 60million shares to institutional investors at 150p a share.
The £90million will be used to bolster the loss-making company’s growth plans in ‘digital advertising, e-commerce and Time Out Markets’, and to pay off its debt.
Time Out's share price flops on London market debut
CompaniesTime Out dips 10% on London debut
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