ARI
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0.00% 2.2¢ a.c.n. 004 410 833 limited

chart update anyone?, page-33

  1. hawkduka
    877 Posts.
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    07/08/13
    17:21
    Post #: 12167230
    higher gearing (ie debt) no longer fashionable. at least ARI used debt to buy 1x Molycop business, to convert steel production to use magnetite and to expand haematite export operation.

    write downs are non cash transactions and will not impact capacity to repay debt. suspect free cash flow for FY2013 will be >$400m. which is a reasonable % of total debt.

    are also currently in process of selling non core property assets to source additonal capital.

    all in all: they get stronger with every shipload of iron ore sold.
    ARI Price at posting: $1.04 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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