Park Group are down around 10% to 12 month lows this morning following today’s trading update. In my earlier post I expressed some concern about the impact of future increased ongoing and exceptional costs. I also pointed out that much of their apparently very healthy cash balance belongs to customers.
Here is a table showing their free cash (not held in trust for customers) and tangible assets for the past few years:
Continue reading “Park Group (PARK) – Cash and Assets”