Advanced Fluid Connections PLC

ADVFN seems to be reporting incorrectly that the net debt is 56.9m. According to the interims the Net debt was £29m. This will cost £2m a year to service the debt. On an ongoing basis I don't think that AFC will have a problem servicing this debt. Their working capital was increased to cover extra stock during their relocation. This should be decreased and will have a positive affect on Net debt. Also the exceptions should be reduced enabling them to cover the debt. I don't see a need for a rights issue at the moment.