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Ann: BSA Confirms Financing Facilities, page-2

  1. 169 Posts.
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    Does BSA raise capital in the next 6 months?

    The $9m class action payment is due in a few months. They might have enough headroom in their debt facility but extending the maturity beyond Sept could be tricky
    Plus they still have to fund the $3.8m of restructuring costs associated with the closure of APS Fire (which they provisioned in 1H24 but are yet to pay)
    Plus they seem generally undercapitalised with $23m of negative working capital and $7m of negative equity

    Admittedly their operating performance seems to be improving, but I'm not sure that will be enough.
 
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