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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Glantus Holdings Plc | GLAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 33.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 14/12/2022 07:23 by paleje Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and analytics solutions, is pleased to announce that the EUR1.5m additional short term working capital facility, which was drawn down from its existing Beach Point debt facility, as announced by the Company on 24 October 2022, has now been fully repaid as scheduled prior to 31 December 2022. |
Posted at 04/10/2022 13:28 by 74tom "Total debt outstanding as of 31 December 2021 was €10.9m. This was largely made up of Beachpoint Capital loan facility of €10.4m and Bank of Ireland €0.2m and Enterprise Ireland €0.3m. It is the Company's intention to refinance the existing senior debt in 2022."- Total debt of €10.9m at an interest rate of 10%, finance costs were €631k in H1... - Cash of €391k at 30/06 vs cash used in operating activities for the last half year of €579k - From the admission doc; "In addition the BPC Loan Agreement includes a cash covenant which is tested on a monthly basis whereby from Admission the Company must have total cash in hand or on deposit in UK or Ireland in Sterling or Euro in the amount of at least €1,000,000." Unless the terms have been changed, GLAN appear to be in breach of that covenant. At £4.6m market cap this looks dead as a dodo - also accounts payable automation companies are ten a plenty. Quite how selling shareholders made £3.8m in the IPO I'll never know. |
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