SRS spicers limited
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From the annual report: 'A subsidiary has provided a guarantee...

  1. imunro
    180 Posts.
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    20/10/15
    12:58
    Post #: 16212152
    From the annual report:

    'A subsidiary has provided a guarantee in relation to a property lease to the landlord in Germany. The annual rental expense is $1.7 million and the lease period ends in 2020.'

    PPX management is apparently unable to quantify the impact. I estimate $7MM net present value.

    I am not sure why the SP has increased 50% over the last month. Did I miss a postive amouncement?

    PXUPA only.
    SRS Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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