Share price of DTZ the listed surveyors collapsed 85% yesterday as shareholders warned that any sale will not yield any return for shareholders.
Does this mean that any buyer will want to take on the secured debt, which is north of £106m due next year? Perhaps a pre-pack administration is on the cards?
In any event the company's loss of value from £500m over 5 years is eye watering.
No comments:
Post a Comment
Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.