The 15m receivable could not solve the problem completely. The current liablity is $100m higher than current asset and what they breached is the net debt to EBIT ratio, balance sheet movement item could not really help the EBIT. Unless the bank could waive the breach, there is no other way for the company to survive. It all depends on how the bank see the company. If they waive the breach now, they may need to keep doing it for the next two years until the Australia cattle stock rebuild, by that time, WLD may suck up another $100m cash. Would the bank has patience to wait for that long, and lending them more money?
The 15m receivable could not solve the problem completely. The...
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Last
3.0¢ |
Change
-0.008(21.1%) |
Mkt cap ! $20.18M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 3.2¢ | 2.7¢ | $2.581K | 92.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 266174 | 2 |
View Market Depth
| Last trade - 15.38pm 16/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
-0.008 ( 13.9 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.2¢ | 3.1¢ | 109450 | ||
| Last updated 15.38pm 16/05/2024 ? | |||||
| WLD (ASX) Chart |