Correct. Net debt is $20M with the rest being available if required. This is from the latest results release:
"Net debt was $19.9 million at the end of the period, with available liquidity of
$400 million"
Debt refinancing is also planned with the current facility not due until August 2019 so plenty of time to get this sorted. This is also a chance to get some more legroom on the covenants though borrowing costs might go up as a result. Low risk of Myer going under in the short term IMO, hence why my sentiment is a buy for short term.
Ann: Myer Half Year Results (1H2018), page-126
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Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $665.4M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 80.5¢ | 78.5¢ | $1.432M | 1.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4773 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 50000 | 1 |
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| MYR (ASX) Chart |