I agree that the funding is not new news, but the effective interest rate is news to me and it does change things in my book.
They took the funding on as they said they needed short term cashflow while they go through this transformational period, but at no point that I can remember did they allude to the funding cost being this high.
The cost of this funding wipes out most of the expected profitability from Athena for next year, so other than the takeover and possible farm-ins I can't see where the short term upside is coming from.
- Forums
- ASX - By Stock
- LHD
- possible takeover
possible takeover, page-27
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LHD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online