Hi @pbawley ,
I had a look last night to check this and yes you are right.. my bad on this. For some reasons I had 11%-13% in my mind.
You are spot on saying that "Less pressure to stick to a repayment schedule I thought".
As per their Debt re-scheduling announcement dated 7th June/2016, they had agreed to pay ~$103 million + interest over a 33 month period commencing Apr/16. Based on my rough calcs this equates $3.18 million per month.By Dec-16, I expect they would have an outstanding gross debt in the vicinity of ~ $65m - ~$75 million. I'm also sssuming that they have further paid down debt from the capital raising they did in Sept/16.
So with ANZ, monthly payments are ~$ 3.18 million for next 24 months
Based on new Notes offering, payments will be ~ $1.45 million for next 48 months
So there is definitely less pressure on them.
Note: Above are just rough estimates but not too far off I believe
I believe this is a fantastic move by NRW board. It's called prduent fiscal & risk management.
DYOR & GLTA
- Forums
- ASX - By Stock
- NWH
- Ann: Corporate Note Offering
Ann: Corporate Note Offering, page-14
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.62 |
Change
-0.030(0.82%) |
Mkt cap ! $1.655B |
Open | High | Low | Value | Volume |
$3.64 | $3.64 | $3.59 | $3.482M | 962.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 15302 | $3.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.64 | 8127 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 15302 | 3.610 |
4 | 18882 | 3.600 |
4 | 7549 | 3.590 |
1 | 1320 | 3.580 |
1 | 1346 | 3.570 |
Price($) | Vol. | No. |
---|---|---|
3.640 | 8127 | 2 |
3.650 | 26844 | 7 |
3.660 | 14273 | 5 |
3.670 | 7369 | 2 |
3.680 | 7554 | 2 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
NWH (ASX) Chart |