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Companies mislead – balance sheets do not: Hamak Strategy

Tom Winnifrith
Friday 3 October 2025
I am being berated by a raft of X poltroons today about Hamak Strategy (HAMA), folks who are not inside a paywall but still insist that I have got it all wrong on the basis of a company presentation last week in which it insisted that it had 12 months cash. Companies can say what they want balance
sheets do not lie.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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