Keywords to debt refinancing, page-11

  1. 3,495 Posts.
    "....* Agreement to be reached on amendments to the facility, if any, by 30 April 2016..."

    Consider the same emphasis used in a similar sentence structure below:

    ".... Losses to be realised on the sale of SGH shares, if any, may be claimed against CGT incurred during FY16..."

    I think the 'if any' could potentially refer to either the agreement or the amendments. Its not exactly clear from the context what the company is actually referring to. I suspect this is probably their intention. As we all know, while S+G never lie they sometimes tell untruths and have a tendency to mislead and obfuscate.

    This is actually my biggest beef with these guys. They always treat shareholders in an adversarial way, almost like we are opposing lawyers in a courtroom. They disclose only the minimum information required, chose their language extremely carefully, and use smoke and mirrors (but never lies) to confuse and misdirect. Their behaviour inspires suspicion and mistrust!
    Last edited by Tumbleroll: 01/04/16
 
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