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NMCN – refinancing discussions to address “working capital”. Really?...

By Steve Moore | Monday 14 June 2021


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.


UK engineering and construction company NMCN plc (NMCN“is very pleased to report that it is now in bilateral discussions, which are well advanced, with a party to conclude a refinancing to provide the appropriate capital structure to support the group”. So why have the shares currently responded to 147.5p, more than 10% lower?…

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