There is a $79m deficit in the current account that includes payables balance + lease costs and an additional $25-35m capex (I understood the capex figure quoted at $45-55m to be for the full year of which $20m has been spent). This has to come from the loan facility + new receipts. So, don't expect any dividends if they intend to keep bank debt no higher than necessary.
SKT Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
