Yes helium...the Commonwealth Bank I read has been the hardest and toughest bank to deal with for business in the financial crisis. I suspect Tim Wildash for that reason left his options open with the facility secured for just 12 months as the capital management requirements will be completely different next year around October. Nett debt is currently $45M...with $10M eventually from SPS sale will be down to $35M. They have free cash flow at the moment and from March 3rd they will have even greater capacity to reduce debt...question then will be by how much / what they need in retained earnings / what % of NPAT they will pay out in dividends. Wildash is setting it up to be a recession proof cash cow.
CUS Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
