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0.00% $2.69 mma offshore limited

Free cash flow for 2016 roughly forecast to be $70m improving to...

  1. natnicnak
    2,050 Posts.
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    08/05/15
    13:32
    Post #: 15242388
    Free cash flow for 2016 roughly forecast to be $70m improving to $100m in 2017. Net debt burden at end of 2016 expected to be $236m. That is, debt to free cash flow at roughly 3.3 times, not low. Debt repayments for 2016 understood to be circa $50m, which compared to $70m free cash flow means room for additional slump in earnings makes it real tight for banks in 2016. This is the concern here.
    MRM Price at posting: 66.2¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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