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MINDING THE LSE’S BUSINESS

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Results: DFS

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EPIC DFS
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Oh come on DFS, we know why you are really raising money...

There is raising money to survive (see the regulatory update today from Aston Martin Lagonda (AML)), there is raising money to underpin growth opportunities (see my write-up on Abcam (ABC) a couple of weeks ago) and there is raising money because you are a cyclical business and need to build a buffer. The latter category is going to be the majority of names which raise money over the next six or twelve months…and this includes sofa company DFS Furniture (DFS), which states today that 'the Company is preparing for a possible non pre-emptive equity issue of up to 19.9% of its existing ordinary share capital'...

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