SBM 0.00% 35.0¢ st barbara limited

difficult to pay off huge debt, page-9

  1. 11,125 Posts.
    lightbulb Created with Sketch. 632
    ML

    In relation to SBM's debt, have a look at my previous post at

    http://hotcopper.com.au/post_single.asp?fid=1&tid=2092026&msgid=12312857#.Ul0i8hBiOiE

    The related presentation indicates there are no conditions to the USD250m loan and the interest rate looks OK. There could be a problem meeting interest payments if the POG goes to low or if the AUD tanks along with the POG, thereby making interest payments in AUD terms more expensive while profitability is down.

    I think the critical figure for their operations is AUD POG 1300. We are almost there now.

    loki
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.