kingalpha, the maths is very straight forward 340/200 equals 1.7 which is greater than 1.35! this is indeed their past 12 months look back coverage as well.
Thus they will meet the ICR but this is not the issue, the issue is the BNB debt repayment Sept 09 and January 2010, for this the whole shop needs to be sold and this is what they are doing. Going blue in the face repeating myself!
big profits and huge debt, page-17
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