Originally Posted by
Scrunch
So the half year was $13.1m and the full-year underlying estimate is $17.5m to $19m. There will be some write-off's but even so - well done.
The half year had $5.7m of cash and interest bearing borrowing of $186.7m. The net debt estimate is $140-$145m so they repaid circa $40m over the last 6 months.
These are pretty good stats given the circumstances.
And probably most important "Given these funding arrangements and the current outlook for the business, thl has determined that it does not require additional equity."
While the announcement of no final dividend could be viewed negatively, who really thought there would be a final dividend given what's happened in the last four months?