Going by last weeks conference call,it sounds like ETW will survive.
Key points from transcript.
:Inventory writedown 8 to 10 mil,no further writedowns anticipated
:Target inventory for 30-06-2006 83 to 88mil
:2005 Net loss after write downs 4.8 to 7.5 mil
:Dividend to be maintained because covered by underlying profit(profit before inventory writedown)
:2.5mil deferred interest payment should be made by end of July
:333 Performance Management consultancy 2006 budget report nearing completion
:ETW confident ANZ will provide 8.5mil short term loan upon completion of 333 report.
:8.5mil short term loan will be paid back from procedes of inventory selldown and sale/leaseback of Griffith Wines
:Sale/leaseback of Griffith Wines planned within 12 months and to raise 10 to 12 mil
:ETWG ( convertable notes 8.25%) The trust deed requires ETW to redeem the notes in Oct 2007 for minimum $1.00 face value.
Anyone else following this stock,comments??
- Forums
- ASX - By Stock
- ETW
- key points
key points
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ETW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online