Hammersmith and Fulham Council has been accused of using its ‘once-in-a-lifetime’ cash reserves ‘at pace’ to avoid slipping into bankruptcy. The authority approved its budget for 2025/26 at a full council meeting on Wednesday night (February 26), praising its ‘prudent’ balancing of the books, which includes an 88p-a-week rise in council tax. However the opposition
There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.
There’s no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Noxopharm (ASX:NOX) stock is up 189% in the last year, providing strong gains for shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So notwithstanding the buoyant share price,
We can readily understand why investors are attracted to unprofitable companies. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you’d have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that