Restaurants operator Tasty (LON:TAST) suffered from lockdowns in the past two years but it did bounce back into profit last year. The share price increased by 10% to 5.5p, which values the AIM-quoted company at £7.8m. That is less than the cash pile.
There was £11m in the bank at the end of 2021 and there are £1.25m of borrowings to offset against this. Even if deferred payments are taken into account, then net cash is still £6.8m, which is not far below the market capitalisation. Net assets...
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