"Rubbish they have the banks support so what ever happens the company will still continue on as normal."
Good heavens - where does one start with this stuff?
It is not a matter of, "... whatever happens"! There are specific conditions (refer slide 6 of the most recent announcement).
I highlighted the salient parts just to make it easy.
" The Company has, however, agreed to certain amendments to the Facility with lenders including:
Simplification and reset of financial covenants to provide ongoing prudent headroom Increased frequency of reporting to lenders Facilities are now structured as term loans
Semi-annual debt amortisation from June 2017 Not to declare or pay any dividends"
SGH Price at posting:
38.5¢ Sentiment: None Disclosure: Held
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