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Yep lots of reasons to worry. When Metcash was less than $1 lot...

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Austinhealeysprite

932 Posts.

7

05/12/17

21:39

Post #: 29399027
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Originally posted by Lavidge ↑

Breached their banking covenants, that's big. Having to reduce debt to $90m by 31 Dec likely means another fire sale of an asset as cash flow won't get them there. What will they do/sell to meet the next debt repayment? No headroom in their securitization program. Look at exec salaries/bonuses, gone up exponentially whilst share price has plummeted. Look at exec shareholdings, almost nil. Apart from Marshall departure the board is showing no sign of addressing the issues/people responsible for this erosion of share value.

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Yep lots of reasons to worry.

When Metcash was less than $1 lot of people were worried too.

Welcome to Metcash Mark 2.

TGA Price at posting: 75.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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