RE:RE:Engineering Services With 4.5m shares sold short, we now have 6m shares potentially on the buy side.
At 50,000 shares per day or 1 million shares per month, it will take 6 months to cover.
The News today:
1. Engineering services EBIT was 171m excluding Linxon, and up from last year Q4 despite the 93m arbitrage pay out in Q4 2021.
2. Capital needs to be sold - possibly for 2B as net revenue is 61m or 3% for 2022. Get rid of the admin cost. Anyone gets it i hope. I am happy because this will pay down the debt (5%..) and leave some.
3. No more material losses ahead and thinks all losses will be recouped.