cevatt
look at the cash balance.
that is the only issue to concern yourself with mmg
aussie business holding up pretty well - but almost irrelevent as traditional media businesses are worth no more than 6x EBITDA in current market, and it is geared to this level.
but cash is king.
and they have plenty of it at a fund level, beyond reach of banks.
$1.50+ per share.
Ann: Appendix 4D and Half Year Accounts , page-3
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