Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having previously noted that working capital is “tight”, I now note an announcement from mobile money company eServGlobal (ESG) that it has repaid an Australian$3 million (currently £1.6 million) loan due to National Australia Bank, but has needed to draw down £0.5 million of a new loan facility of up to £1 million with major shareholder Henderson “to meet general working capital requirements”. Hmmm...
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