BIN 0.00% $3.44 bingo industries limited

Ann: 1H FY19 Results Investor Presentation, page-7

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  1. 7,926 Posts.
    lightbulb Created with Sketch. 2423
    Ok think I may have found a bit of a chink the armour.

    Looks like they have already used a large portion of that $450m.

    They have paid $176m to repay some debt and purchased $150mil of PPE when compared to $60mil in FY 17

    This could present some issues if the deal doesn't go through this week, they will need to find another deal, which is a bit cheaper, or hope they can offer up some of their stock + Cash.

    Either that or they do a share buyback, which wouldn't be terrible given how far the stock price has fallen.
    Last edited by pastperformer: 26/02/19
 
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