and this is what is been hammered out now. Refinancing such that the debt is non current and current. More a technical issue and one which requires rectification. i haven’t studied it closely yet but it would appear the impact of the changeover is around $12m - coy initially forecast a npat of around $18m..and now it is $4m. I agree with Tarvold, we need some indication of FY20 assuming going concern and business as usual. observation:feeling: the directors are indicating a solid, if not market leading, business that will survive. Just how the refinancing takes place is uncertain. i note the unsecured loan book is on the block for $8m and with expected cash from PDL’s of $92m, there’s $100m less running costs to the financiers. have westpac and bankwest acted capriciously? Maybe.
PNC Price at posting:
$2.46 Sentiment: Hold Disclosure: Held
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