Sorry might need a correction here, the NTW covenant is "net tangible worth" for the "corporate facility", so I guess carrying value of PDL less debt, not 15% max reduction of the total PDL book. A 15% reduction of the smaller net figure is obviously much easier to breach, however CCP could deploy its cash on hand to either buy net new PDL and/or pay down the debt to increase headroom. Or gear up the lending some more to release cash to the PDL side of things?
Sorry might need a correction here, the NTW covenant is "net...
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Last
$14.64 |
Change
0.290(2.02%) |
Mkt cap ! $976.7M | |||
| Open | High | Low | Value | Volume |
| $14.48 | $14.64 | $14.44 | $242.1K | 16.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 223 | $14.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.65 | 833 | 4 |
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| Last trade - 10.17am 07/06/2024 (20 minute delay) ? |
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Last
$14.71 |
Change
0.290 ( 2.49 %) |
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| Open | High | Low | Volume | ||
| $14.47 | $14.71 | $14.47 | 1523 | ||
| Last updated 10.37am 07/06/2024 ? | |||||
| CCP (ASX) Chart |