Shares digital

The shares of leisure group Sports Cafe (SCA:AIM) have been suspended after the company went into administration.

It failed to secure an extension to its banking facilities following poor Christmas trading and a profit warning in November. Sports Cafe said its administrators intended to keep the business trading ‘at this time’. The company is around £9 million in debt. It had been trying to expand across the UK but had been struggling to grow sales.

Shares says: The stock is worthless. Anyone still holding can wave goodbye to that money. DC

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