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0.00% 54.5¢ slater & gordon limited

I just spoke with Melinda in IR who confirmed the only remaining...

  1. Nick Miller
    1,276 Posts.
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    29/06/17
    11:42
    Post #: 25560936
    I just spoke with Melinda in IR who confirmed the only remaining debt outstanding is:

    Senior secured debt - A$35m (comprising A$30 amended (existing) facility and A$5 new facility)
    Working capital facility - A$40m (existing)
    UK convertible notes - GBP250m (amended from existing senior secured debt)

    So work backwards from here:

    Facility.PNG
    GBP 375m less GBP 250 convertible note = GBP 125m swapped for equity
    AUD 90m less AUD30m amended facility = AUD 60m swapped for equity

    Simples
    SGH Price at posting: 8.9¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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