More than $130 million of the cash raised will be used to repay bank debt, while up to $163 million will repay shareholder debt. The remaining $22.5 million to $25.3 million will cover IPO costs, including an $8 million bonus for senior management.Following the IPO, the company's net debt will reduce to $119.5 million.
Do they use imported maize as well? Can they get entire requirements of maize locally? Why are they making use of IPO funds to pay bonus?
More than $130 million of the cash raised will be used to repay bank debt, while up to $163 million will repay shareholder debt. The remaining $22.5 million to $25.3 million will cover IPO costs, including an $8 million bonus for senior management.Following the IPO, the company's net debt will reduce to $119.5 million.
Do they use imported maize as well? Can they get entire requirements of maize locally? Why are they making use of IPO funds to pay bonus?
Maize not a word in the 83 pages so don't know
As long as they have enough stuff to keep the feedmills going for a year it will be all honky dory
No worries
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I was sick this week and didn't get organised to ask my broker for an allocation. I'm wondering whether to try to apply on the open pool. Anyone else doing that? Or am I misreading it. Is there an open pool? It looks like it but I'm unclear on whether I still have a chance to get shares???
I'm reading it again and it looks like I don't have a chance to apply now. Rats
Almost all feed raw materials are imported. They hedge the prices but have exposure here
You obviously not all that keen on Tegel $bill
Irrespective of the 'fundamentals' i feel the major shareholder is incentivised heas to make sure things dont go wrong until next year .....after that who knows
Whatever $2 by year end
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Reply With Quote
Originally Posted by MARKETWINNER
Bookmarks