M&B’s poor trading performance in Q1 FY20/21 was not a surprise. Lfl revenue in the current quarter is also likely to remain deep in the red. Management is exploring an equity issuance to remain afloat / meet the fixed cost and debt service obligations. After all, the cash coffers are fast depleting and the choice on the table is limited.
20 Jan 2021
Struggling through the lockdowns
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Struggling through the lockdowns
Mitchells & Butlers plc (MAB:LON) | 231 1.2 0.2% | Mkt Cap: 1,382m
- Published:
20 Jan 2021 -
Author:
Nishant Choudhary -
Pages:
3
M&B’s poor trading performance in Q1 FY20/21 was not a surprise. Lfl revenue in the current quarter is also likely to remain deep in the red. Management is exploring an equity issuance to remain afloat / meet the fixed cost and debt service obligations. After all, the cash coffers are fast depleting and the choice on the table is limited.