With legacy issues behind them and the large impairments (hopefully) taken in the last FY16, should hopefully see improved margins albeit on a reduced revenue base.
From managements recent shareholder addresses and reports, I'm generally under the impression that debt covenants should be comfortably met without significant dilution and/or further leverage. Circa $20 - $25M debt with HY17 PBT forecast to come in at around $5M, I believe that they should be able to fund repayments from internally generated cash. Add to that the significant Tax-Loss Carry-Forward they will likely be eligible to infuse into FY17 earnings and that should provide significant tax relief going forward as well.
- Forums
- ASX - By Stock
- BYL
- Anything coming up?
Anything coming up?, page-8
-
- There are more pages in this discussion • 16 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 BYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online