• All financial covenants are to be measured quarterly commencing 31 March 2018 (previously 6 monthly);
• An Operating Leverage ratio increase for 12 months to 3.0x (previously 2.5x), reverting to 2.5x thereafter;
• A minimum budget for the financial year ending 30 June 2019 of underlying EBITDA $90 million;
• Introduction of a financial covenant based on comparing actual quarterly underlying EBITDA performance to budget,
with a 20% variance trigger;
Operating leverage is different to EBITDA to debt. Nothing I have seen suggests an EBITDA covenant is likely to be breached in the next couple of quarters.
I think the risk is reaching the underlying $72m ($90m less 20% variance) for 30/6/2019 and action will be required in the next 6 months if it looks like this wont be achievable.
- Forums
- ASX - By Stock
- RFG
- For holders only - reasons to hold?
For holders only - reasons to hold?, page-49
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFG (ASX) to my watchlist
|
|||||
Last
7.2¢ |
Change
-0.003(4.00%) |
Mkt cap ! $179.2M |
Open | High | Low | Value | Volume |
7.3¢ | 7.5¢ | 7.1¢ | $80.72K | 1.103M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 160987 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 213335 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 160987 | 0.072 |
4 | 324084 | 0.071 |
4 | 417187 | 0.070 |
1 | 14492 | 0.069 |
2 | 170000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 213335 | 2 |
0.076 | 228850 | 4 |
0.077 | 221394 | 6 |
0.078 | 99150 | 4 |
0.079 | 825738 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
RFG (ASX) Chart |