Guys/Girls you are all missing a valid point. Yes SPO has a lot...

Guys/Girls you are all missing a valid point.

Yes SPO has a lot of debt but some businesses such as SPO can have a higher level than a normal industrial company.

Also net receivables (receivables less payables) is approx $120 hence this should also come of net debt figure.

So why can SPO afford such high debt levels?

- long term contracts with 50% of top 200 contracts with the Govt (hence recurring long term revenue)


If it wasn't for this that I too would not be in SPO with its debt levels.

In my opinion a very small chance they need to raise capital.

In today's expensive market a business such as this on a PE 8 x's is cheap.

I topped up a lot yesterday.