19th Mar 2020 18:05
(Alliance News) - Pebble Group PLC on Thursday said it was well placed to manage disruption caused by the coronavirus outbtreak and is confident in its long term prospects.
Pebble said it has strong cash balances, no debt, a committed revolving credit facility of GBP10 million and an efficient working capital model.
Further, new measures aimed at managing cash during the outbreak are currently being implemented, including a hold on "non-committed capital expenditure", the company added.
Shares in the promotional products-focused software firm closed down 7.7% at 90.00 pence on Thursday in London.
By Arvind Bhunjun; [email protected]
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