eyeswideopen wrote: "My read is $99 million free cash after sweep and asset debts paid down.
And if they keep the cash cows more cash coming in this financial year."
Mate, have a read of this paragraph from Wilson HTM for a reality check:
"Operating cashflow of $99M, down from FY08 $227M was very weak. 2H09 in particular was surprising, with only $29M cashflow on our calculations. This provides the fund will minimal firepower to reduce fund level debt."
$29M cash flow for six months???? The banks are bleeding them dry. The only way forward is to reduce the debt and the only way to do that is via asset sales. DBCT has to sell and at a very good price.
my analysis of today's announcements, page-17
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