wiggins group

Thanks lightning. Glancing through the interims I became a little more negative. I would expect WGG to have become insolvent at some time since 31/9 when it was only marginally in the black. I also notice £16.5M of fixed rate debt costing 12% p.a. for over a year. While it is generally prudent to have a proportion of fixed rate debt, 12% is expensive compared with the current falling floating rates. It is adding to losses and will be a drain on future profits. WGG depends heavily on the profit to be booked soon. It is so vulnerable without it that I hope nobody has the wish and the power to stick the knife in.