Good morning, it’s Paul here. Thursday’s report will be earlier amp; shorter than Mon-Wed reports. That’s because I’m flying out to Malta at lunchtime, for a cheap, end of season break. Am taking my laptop with me, so I’ll write Friday’s report as usual, just from abroad. Estimated time of completion: 10 am Agenda – it’s a quiet day for news, thank goodness, so I should be able to get through this quite quickly;Carpetright (LON:CPR) – possible offerFoxtons (LON:FOXT) – trading statement..Carpetright (LON:CPR)Share price: 9.12p (pre market open)No. shares: 303.8mMarket cap: £27.7mRefinancing, possible offer, and trading updateThis carpet retailer did a CVA, to dispose of its problem leases, and has been propped up financially for some time by its major shareholders Meditor European Master Fund. Without Meditor’s large financial support, Carpetright would have almost certainly gone bust. Note that Meditor bailed out the banks, by buying them out in Aug 2019. It’s obvious now that Meditor made a bad mistake supporting Carpetright – a classic investing error of repeatedly throwing good money after bad. I know that feeling well, albeit on a rather smaller scale!Funding requirement – today’s announcement says…
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