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re: Ann: CBD not to proceed with acquisition ... Gerry advised...

  1. afd
    2,093 Posts.
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    29/11/11
    10:26
    Post #: 9357782
    re: Ann: CBD not to proceed with acquisition ... Gerry advised recently that CBS had enetered into an arrangement to access funds using stc/recs as security with a bank.

    The current waiting list for sale through the registry is 9 months.

    CBD has discounted the value of the RECs by @10% in the B/L.

    So if the cost of accessing the funds through the bank does not exceed @13%, the funding is good stuff and solves the 'cash' issue.

    Coupled with this is funds flowing form O/S 0ps.

    This is shaping up OK.
    CBD Price at posting: 7.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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