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?
Sorry might need a correction here, the NTW covenant is "net...
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Last
$13.09 |
Change
-0.080(0.61%) |
Mkt cap ! $890.9M | |||
| Open | High | Low | Value | Volume |
| $13.24 | $13.27 | $13.01 | $2.973M | 227.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 734 | $13.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.14 | 1778 | 1 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |