$225m of the total $620m debt is the fixed rate bonds (2.2% and 3.2%) so no interest cost increase there. Interest is only variable on $400m of the debt.
Finance costs for 6 months to September 2023 were $8.6 million. Not sure how you see them jumping to $23m for the current half year. Maybe $20m for the whole year?
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
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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
Maybe he wants to do something else, a little less stressful. Maybe spend more time with the family. Been a hell of a few years for the RV sector with C19 and all the challenges it thru at them. We are not robots Balance
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.
Correct and they work hard,I know some ,husband and wife,he has two jobs.They don't know what the word holiday means and they spend very little on luxuries like eating out.Fast savers this example.
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.
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