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29.5¢ quintis ltd

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fedcba

1,403 Posts.

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30/05/17

15:22

Post #: 24994659
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Originally posted by hottuna ↑

S&P downgrade Quintis debt again, still on watch for another downgrade

Quintis Ratings Cut to CCC+ by S&P; on Creditwatch Negative

(Bloomberg) -- Rating lowered from B by S&P Global Ratings.

Continued delays in confirming co.’s Indian sandalwood sales into China have increased the risks that plantation investor inflows could be materially lower for the co.: S&P

Should the sale of sandalwood into China fall through, it would in S&P’s opinion heighten the probability of an option of 400ha of plantation being put back to Quintis in July 2017, which could stress the co.’s liquidity

NOTE: May 23, Quintis in Non-Binding Talks for Debt, Equity Transactions Link

NOTE: May 10, Sandalwood Grower Quintis Sinks Record 33% as Nestle Drops Deals Link

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You should also add value of Quintis assets.. this along with debt & current Market Cap will give you enough info on reality...
QIN Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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