As long as the return on capital from the proceeds comfortably exceeds the cost of leasing the premises over the lease term, then it is the right decision.
No brainer, given current market circumstances and stability of their Brisbane cashflows.
Interesting that they emphasise the pay down of debt. My guess is that they're focusing on getting the balance sheet ready for a large-ish acquisition, partially or fully debt funded.
- Forums
- ASX - By Stock
- PTB
- News: PTB Ptb Group Announces Sale And Lease Back Of Its Head Office In Pinkenba, Brisbane
News: PTB Ptb Group Announces Sale And Lease Back Of Its Head Office In Pinkenba, Brisbane, page-3
-
- There are more pages in this discussion • 4 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 PTB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online