Thanks Steve. Most companies put in some capex forecasts for the year ahead. Certainly helpful to assess the risks and debt levels moving foreward.
What does it cost to fit out a retread plant? Anything between 800k to $4m would be my guess... basically, no ideas on the costs involved but we are not talking about the most sophisticated fit out either (like in pharma, auto industry and so on).
Despite all of the good points that you have raised. I'll hold on to my initial theory of no cap raise in next 6 months, (as they have been rationalising stores and brands in the same period which will free up inventory/WC) PLUS the $50m of EBITDA can support some capex.
Though I am clearly in the minority on this...
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