Where do you get TWE selling karadoc with a book value of 330m for just 20m? I don’t see this announcement anywhere
The explanation on increase in debt is on page 12 of the preso and explained very clearly.
Mainly due to working capital with an increase in inventory and timing of receivables but also with the lower than forecasted sales and ebitda. They’re not inclined selling stock at a heavy discount.
Ann: Investor Presentation, page-15
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