re: Ann: QTG Announces Sale of API Locksmiths... And there we...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. asf
    9,887 Posts.
    re: Ann: QTG Announces Sale of API Locksmiths... And there we go, from the Annual Report:

    "The sale price of API of $13.1 million has been on the basis of the discharge of all finance leases associated with
    that business of $1.1 million. The company pre completion of the API sale had a total liability to our lenders of
    $13 million. As part of the financial restructure associated with the sale of API we will repay both lenders of the
    company (GE Capital and Helmsman Capital Fund Trust IIB), and redraw funds from GE Capital under an
    amended debtors finance facility to provide working capital for the corporate costs and remaining operating
    business Q Video Systems (QVS)."
    ___________

    Pay off debt and then get new debt... sigh. If they raised capital, they'd probably get support. Some companies just can't help themselves- debt is all they know.
 
watchlist Created with Sketch. Add GWA (ASX) to my watchlist
(20min delay)
Last
$2.41
Change
0.070(2.99%)
Mkt cap ! $639.1M
Open High Low Value Volume
$2.37 $2.42 $2.34 $472.9K 198.1K

Buyers (Bids)

No. Vol. Price($)
1 5816 $2.41
 

Sellers (Offers)

Price($) Vol. No.
$2.42 910 1
View Market Depth
Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
GWA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.