From their trading update with FY22 EBT in the 1m-3m range could trigger the interest coverage covenant on their borrowing facilities if it doesn't come in on the high end of that range or higher.
From the FY21 annual report "A significant proportion of the Group’s inventory costs are influenced by movements in the price of commodities such as resin and aluminium."
On the plus side they can probably remove the risk of losing any key management talent.
Does anyone else also think buying a company with "oriental" in its name could backfire given the connotations with the word and sentiment in the west towards ever-increasing PC-language?
MCP Price at posting:
86.0¢ Sentiment: None Disclosure: Not Held
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