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Hyve Group – argues “taking decisive and rapid management actions”… so why further significant share price decline?

2020-03-05 11:27:00

“Coronavirus update” from self-styled “next generation global events business” Hyve Group (HYVE) commences that “Hyve has been taking decisive and rapid management actions to mitigate the potential impact to our business” and includes that it “continues to be highly cash generative and, following the refinancing that the group undertook in December, has material headroom available on the debt facility and expects to operate within the covenants”. The shares, having been above 100p as recently as early last month and last closed at still above 70p, have currently responded towards 60p…

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