as per their half year report, they have net debt of 2809 million....
interest rate of 8.9%
250 million interest due each year
ebitda fy09 = 405-415 million
icr = 1.62
we all agree we need asset sales, but i don't see this as being too bad...it might buy time, which is good...but it all depends on the banks...
the company needs to stop turning to excuse of weather conditions as well - they are having a laugh
i think it's all over, page-19
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