Apart from the EBITDA forecast being reduced from 48M to 38M, in it's forecast report and later confirmation in it's results.
What else is supressing it's SP?
Obviously the market sentiment as a whole.
The dividend of 0.035 has been confirmed.
Is the McCourt Dando claim a SP hindrance? (Contributed to the already known reduced EBITDA)
From it's forecast report...
"The Company continues to operate within its banking covenants and has sufficient headroom within its debt facilities to fund growth in the business. Its main senior debt is not due for renewal until October 2010."
This states that not only is it's debt not due till late 2010, but they also have the means pay the debt, and fund growth in it's businesses....
Am I missing sometinmg here???
a few points
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$1.28 |
Change
0.000(0.00%) |
Mkt cap ! $788.4M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $1.140M | 889.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7656 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 726 | 1 |
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| SSM (ASX) Chart |