The last result was the first hiccup in result since Rick Stoke...

The last result was the first hiccup in result since Rick Stoke took over. The worst is the amount of debt and breach of loan conditions. I don't see as a good thing the need to write down an acquired asset as soon as you get to see inside properly. I do wonder about Helmsman being too influential and whether they persuaded Directors to move the shareprice down by way of the writedown to set a low base for buy out. For all that, the narrative was quite positive re the future and I bought more at 1.7 and hold.