Its estimated after 31 march when the 200 mil debt facility comes into play they will have 33 cents per share in cash. I am assuming they will payout the remaining 62 mil of securitised debt still left. Or though in the broker analysis' I saw yesterday they have assumed they will not.
The $200 mil 3 year facility is assumed to result in a low and acceptable and prudent gearing for the business that is left.
18 cents also happens to be the amount of franking credits they have left.
They still have over $350 million in receivables that also needs to be wound down. Orbis are pressuring for further special divs over the year as this amount is wound down.
Sigma is now a bloated cash cow.
Ann: Market Update , page-31
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