USER=44556]@PortfolioPlus[/USER] Sorry to bump this again, but any idea about the financial costs? They seem grossly out of proportion for a company with such a cash balance despite the facility.
Also what do you think about the director and exec pay? I was surprised it was voted in at the last agm?
@madamswer I noticed on another thread you were interested over here. Any thoughts on the above?
@Just_a_guy ,
Sorry, must've been the time of year, but I missed your post at the time.
I don't think I can shed any more light than others have, on the cost of the debt facility other than to say it is at a usurious rate.
And the rate at which the company's executives are remunerated, while to quite at usurious levels, is close to it.
.
Ann: Trading Update, page-21
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