Issues with Shine's business and accounting, page-15

  1. 34,445 Posts.
    lightbulb Created with Sketch. 9336
    Excessive debt level could send a company to bankruptcy, that was why I warn not to touch that company.
    The remaining of $100m buffer, for a over $710m borrowing, just indicates it was at verge of breaking debt covenants. If having a look other ASX listed companies, they usually stated the remaining available facilities were 30% - 80% of existing gross debt. For instance, ORG, they had a couple of billions available, but still decided to raise capital. I was not surprise FTI was appointed and forced to debt restructure.
    There were three outcomes: 1. Lenders "happy" to amend covenants and continue lending; 2. Capital raising at depressing price; 3. Administration.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
65.5¢
Change
-0.005(0.76%)
Mkt cap ! $111.1M
Open High Low Value Volume
66.0¢ 66.0¢ 65.5¢ $2.999K 4.579K

Buyers (Bids)

No. Vol. Price($)
2 1738 65.0¢
 

Sellers (Offers)

Price($) Vol. No.
67.0¢ 57924 4
View Market Depth
Last trade - 11.12am 10/07/2025 (20 minute delay) ?
SHJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.