Far be it from me to question Paul and the Naked Trader but after looking at the accounts am I right in thinking profits after costs were down to 0.5 mil.

The other thing i cant't fathom is it says they have net debt of £13.8 mil but also net cash of £20.6 mil I thought a company could only have one or the other net debt or net cash.

Any pointers appreciated but I'm thinking looks expensive ?

Thanks

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