ISF 0.00% 17.0¢ isoft group limited

DogbyI dont want to rain on your parade but the debt figure is...

  1. 811 Posts.
    Dogby

    I dont want to rain on your parade but the debt figure is more like 240m.

    Current debt (including the bridge facility that they are paying something like 20% on) is circa 33m.
    non current debt (including convertible notes at face value of 33m but convert to 40) is 203m

    therefore in a sale situation you need to allow for 203 + 7 (notes) + 33 = 243m, so if csc are offering 300m there is 60ish for holders.
 
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