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Time Out Group – short-term loan facility, how’s that balance sheet set then?

By Steve Moore | Wednesday 24 August 2022


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.


Previously writing on “global media and hospitality business” Time Out Group (TMO), last year I wrote General Meeting approval for (as warned here) material dilution – concluding that with the shares up to around 50p, capitalising the group at circa £166 million, and a profitable business proposition still to be proven I certainly continued to avoid. Today the shares are 41p on the back of a “Loan Facility” announcement.

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