Carter and carter is it worth it?

Question

Can someone explain to me why the share prices for carter and carter has dropped so low?It was 1000 pence only a year ago. What are the risk of the company going bust or risk in the business?thanks.

Answer 1

Now lets see.. they didn't even get shortlisted for the Pathways to Work and cut their profit forecast by 30% and are now 'renegotiating bank facilities'...

I note that current liabilities exceed current assets (and assets are shrinking faster than liabilities) and since last year their books have been filled with 'intangible assets' (whatever they are) that represent 70% of the companies worth ...

Perhaps they are in the process of going bust ??