Toople Takeover Rumours (TOOP)


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So when's the consolidation coming? 1 new share for every 100 old, coupled with a massive raise at 4p? Do they do a takeover at the same time so they can hide it as raising cash to pay for that? Needs court approval as well as shareholders. The money runs out in about 3 months by my guesstimates.
Turnover (year to Sep) 2017 1.28M 2018 1.51M 2019 2.54M 2020 3.5M (including 30 weeks+ of business after the "transformational" takeover of DMSL) 2021 Half Year to March 1.5M So to even stay flat in 2021 over 2020 they need H2 to be 33% better than H1. Meanwhile they're losing 100k a month. Assuming 30% margins and no more bad debt writeoffs (both unlikely) they need another £3.6M a year turnover to breakeven - ie £6.6M total. Then there's a rather large loan repayment due at the end of next year (which would mean they won't be a going concern at the 2022 interim stage without a further raising) - so money raised before the end of this year to see them through to profitability (they'll claim) then more money raised 6 months later to pay off the loan.
To be fair Ken, the loan was mentioned in the prospectus for the DMSL takeover. By this time next year they need a realistic plan to pay it off or refinance, or they won't get the accounts signed off as a going concern. How much would turnover need to increase to pay it off from cashflow?
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