SGH 0.00% 54.5¢ slater & gordon limited

$1 within 2 months, page-264

  1. 4,431 Posts.
    when debt goes to 600 million or below that and EBIDTAW hits 200 million, SGH management can always ask for exemption of /waver/deletion of those clauses due to changed financial health of SGH.
    IMHO.

    nope.
    we dont know.
    do we know current year cash flow profits.
    do we know NIHL.
    D o we know ESCROW coming home
    do we know any addtional claim against WTG.
    Do we know any claims against any other companies who did DD and acted as advisers and charged tens of thousands of dollars.
    we dont.
    no sooner debt leevel comes belwo 600 Million and EBIDTAW 200 MILLION, technically and as per industry normas dividend is affordable and payable.
    SGH can always work with banks under those circumstances and get exemption/waver from this clause.
    No big deal.
    Question is how quicly this happens...EBITDAW 200 MILLION AND DEBT 600 million or below.
 
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