Actually, it was that debt paydown that first attracted me to EHL- seemed like a good move- bought in at a discount to the CR price.
Those who took up that CR would be more than 25% down- if still holding. Original holders in EHL would be over 97% down even before factoring in inflation. Those who bought just before the consolidation would be more than 70% down. Etc, etc.
The debt, as far as I can tell, appears to relate to legacy decisions around mostly overseas projects that went pear shaped. Are the a 'zombie' company who would never be able to pay debt off? Perhaps, they have an ongoing need for capex. Perhaps, to some extent, if inflation continues to be a thing, the effluxion of itme would reduce the actual value of their debt- but for the effect on inflation on their future toy purchases.
Starting to ramble- off to enjoy the weekend.
IMHO DYOR
Ann: FY23 Results Presentation, page-10
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Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $427.6M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 82.5¢ | $506.8K | 607.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3381 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 43647 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| EHL (ASX) Chart |