Isn't the majority of their debt those very well timed cheap bonds?
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Isn't the majority of their debt those very well timed cheap bonds?
Thanks for clarification. :)
I make it now $25.8m for full year.
$17.2m for next half year + $8.6m for 1st half year :
$395m bank debt X 7.1% = $28m/2 = $14m
$225m bonds at 2.5% & 3.30% = $6.4m/2 = $3.2m
OCA has done very very well locking in those wonderful rates on the bonds!
OCA sales this half should be pretty good …Even Mav May have under estimated
Sales volumes picking up nicely, and not that far off normal levels……Brent won’t be able to use the old slack property market excuse if sales are disappointing
Updated chart
Perhaps they have heard the feedback about comms and relationship with shareholders. He might have figured out he's not a CE and happier being a CFO or go be a CE better suited to being a bean counter.
I'm not disputing that they work hard.
The opposite in fact.
This tired absolute nonsense about not having 'luxuries' like coffee or whatever then voila you have a deposit to purchase a house worth 10x your income within 2 short years just, again, speaks to a total (TOTAL) lack of perspective on house prices vs income now.
Usually comes from a generation who got theirs a long time ago on a single income and have been banking tax-free capital gains on easy street ever since.