I think someone has answered this.
Depends on what Samsung is "not paying". The financials have recognised no margins, so if Samsung says not paying for the extra, then there is no cash impact, cause NWH has already paid for the work or recognised it as payables. As NWH has recognised revenue on a cost recovery basis, about $80m of the receivables will evaporate.
If Samsung says not paying contractual sums because of dispute, then that is a separate problem. NWH did not announce that this was the case, so if this eventuates, I see a class action coming up.
Overall, there will be a "hole" of roughly $100m after you net off cash, receivables, payables and debt.
Which is okay since $100m of debt can be serviced either via operational cashflow or from selling assets (about $200m on the books).
Someone please correct me if I got it wrong.
NWH buyback?, page-8
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Last
$3.90 |
Change
-0.010(0.26%) |
Mkt cap ! $1.783B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.92 | $3.87 | $1.702M | 436.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1965 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 7164 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NWH (ASX) Chart |