Sorry might need a correction here, the NTW covenant is "net tangible worth" for the "corporate facility", so I guess carrying value of PDL less debt, not 15% max reduction of the total PDL book. A 15% reduction of the smaller net figure is obviously much easier to breach, however CCP could deploy its cash on hand to either buy net new PDL and/or pay down the debt to increase headroom. Or gear up the lending some more to release cash to the PDL side of things?
Ann: Impairment of US ledger book and amendment to FY24 guidance, page-53
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Last
$15.91 |
Change
0.210(1.34%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $15.76 | $15.95 | $15.64 | $583.7K | 36.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86 | $15.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 126 | 3 |
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| Last trade - 12.40pm 19/08/2024 (20 minute delay) ? |
| CCP (ASX) Chart |