CLG 5.13% 18.5¢ close the loop ltd.

Ann: Annual Report to shareholders, page-161

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  1. 290 Posts.
    lightbulb Created with Sketch. 33
    correct me if i am wrong, 82M debt, its net profit after everything is 11m only, if they try to pay back the debt, and want keep at least 40m cash on hand, if they pay 14m every year,(they paid 4m this year), it will take them another 5 years to pay back everything(interests will reduce every year), with a net profit of 0... I hope I am wrong about this but this doesn't look good at all, 10c is still expensive for this business because it will make 0 profits for another 5 year. Unless if they are willing to pay pack as much as they can and only keep 20m on hand, that's another 3 years...
 
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