Thanks, I didn’t know you can search for it via MSD webpage. I...

Thanks, I didn’t know you can search for it via MSD webpage. I just did now and couldn’t find anything for sky network the parent company however if you search sky’s subsidiaries a couple of them have received subsidies, for example Outside broadcasting and Believe it or not.

Now that I think about it the parent entity’ revenue hasn’t declined sufficiently enough for them to receive the subsidy, the criteria was for a minimum of 30% or more in revenue so it appears there’s only 2 subsidiaries under Sky which had a revenue decline of greater than 30% during Covid lockdown.

I’m pretty sure the cash inflow is right (unless management are giving bogus information) if you go back to the half year report note 7 gross debt was 217 million less cash on hand of 3 million that 214 million net debt

they raised 148 million after fees, based on the capital raising presentation, if we assume all of this was applied to debt that leaves 66 million of debt remaining.

In the most recent update @ 12/08/2020 they said they have paid all bank debt with cash of 118 million. We know they have 100 million of corporate bonds so they’re net cash 18 million.

That means in roughly 8 months they have generated cash free cashflow of 66 + 18 million = 84 million.

Also I just remembered is there a way to also search for the Covid-19 GOVT loan? I mean of that 84 million if they received no MSD subsidy they may have received the Govt Covid-19 loan?