They are well inside the Debt covenant . However as you say debt levels are high. This funds were used expand businesses and asset base has gone up. I think as long as profits keep going up from from these assets they should be able to get through. This update showed positive cash flow of $70m for 6 months, which itself is turn around.In the future years it will be more with restricted capital expenditure promised by DMP.
Global inflation is down and will be control, employment levels are excellent. Pizza is a popular meal which will be consumed decades to come as it is not something you eat everyday.
Note profits are still up over last half year and will be higher over the full year at end June 2024. If unemployment shoots up sharply it could be a problem, but no sign at all.
Ann: Trading Update, page-100
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$33.71 |
Change
0.260(0.78%) |
Mkt cap ! $3.116B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1237 | $33.64 |
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| Price($) | Vol. | No. |
|---|---|---|
| $33.72 | 1262 | 2 |
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