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.
- Forums
- ASX - By Stock
- CTD
- CTD - Chart
CTD - Chart, page-401
-
-
- There are more pages in this discussion • 148 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTD (ASX) to my watchlist
|
|||||
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. |
---|---|---|
$12.00 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1468 | 11.930 |
1 | 4142 | 11.920 |
1 | 500 | 11.910 |
5 | 15707 | 11.900 |
2 | 5756 | 11.890 |
Price($) | Vol. | No. |
---|---|---|
12.000 | 1000 | 1 |
12.010 | 4142 | 1 |
12.020 | 1846 | 2 |
12.030 | 4142 | 1 |
12.040 | 4142 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
CTD (ASX) Chart |