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.
CTD - Chart, page-401
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Last
$11.93 |
Change
0.160(1.36%) |
Mkt cap ! $1.745B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $12.01 | $11.67 | $6.586M | 554.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1468 | $11.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.00 | 1000 | 1 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| CTD (ASX) Chart |