CCP currently have total liabilities of 161 million. Total assets 230 million Long Term bank debt 144 million up 20 million in 6 months Their EBITDA for 6 months = 44 million. Their interest coverage EBITDA/interest = 7.9.Therfore interest must be approx 5.5 million for the 6 months or 11 million full year.
Full Year 07 \08 profits 10- 12 million minus up to 5 million for restructuring costs. Approx 7 million
11 million interest costs 7 million in the kitty.
This is the scenario as it presents itself now before all the cost cutting and restructuring takes effect 2008/9.
Please correct me if my summation is wrong or comment on the figures. RAB
CCP Price at posting:
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