I do not know why debt/debt covenants had to come into it.
The company has released a downgrade to its EDITDA FY 2020 as between 125 and 150 million. The net debt of this company (total liabilities minus cash/cash equivalents) is about 253 million. The net debt to EBITDA ratio is about 2. You would need to be concerned if a company has a ratio of about 4 times net debt to EBITDA. Additionally, reassuringly, borrowings and lease liabilities account for only 69 million of that net debt, a big chunk of it is trade payables.
What has changed since this announcement, nothing, but fear...
This is indeed all about a cornucopia of bad news- trade wars, HK protests, VGI short and now coronavirus.
If now is not a time to buy, as a value investor, I do not know when you do.
LT holders need patience as this too shall pass.
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Last
$13.76 |
Change
0.320(2.38%) |
Mkt cap ! $2.013B |
Open | High | Low | Value | Volume |
$13.44 | $13.82 | $13.36 | $6.629M | 486.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75 | $13.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.76 | 876 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75 | 13.750 |
2 | 4300 | 13.700 |
1 | 73 | 13.650 |
1 | 519 | 13.600 |
1 | 500 | 13.510 |
Price($) | Vol. | No. |
---|---|---|
13.760 | 876 | 1 |
13.770 | 831 | 1 |
13.800 | 2500 | 1 |
13.810 | 848 | 1 |
13.840 | 600 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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