As a provider of essential services, Rotala has benefited from Government grants designed to ensure continued delivery of bus services which, together with actions taken to control costs, have allowed the group to generate positive monthly cash flow and EBITDA since May. Due to uncertainty around the pandemic's duration and its impact upon demand, we do not produce forecasts at this stage. However, we maintain our Buy recommendation, which is supported by (i) the Government's pledge to continue ....


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Cenkos: Rotala Plc - Interim Results
- Published:
15 Sep 2020 -
Author:
Peter Renton -
Pages:
6 -
As a provider of essential services, Rotala has benefited from Government grants designed to ensure continued delivery of bus services which, together with actions taken to control costs, have allowed the group to generate positive monthly cash flow and EBITDA since May. Due to uncertainty around the pandemic's duration and its impact upon demand, we do not produce forecasts at this stage. However, we maintain our Buy recommendation, which is supported by (i) the Government's pledge to continue ....