The fact is we don't know 100% whether the banks intend to refinance the debt covenants expiring this year. I believe around $100 million is due at this time.
It would be reasonable to say that the banks are putting pressure on mngt to sell rural services.
Whether or not they would foreclose loan is anybody's guess. They may believe that they can do a better job in selling off assets.
At this stage, without any confirmation of refinancing, I am staying away.
The fact is we don't know 100% whether the banks intend to...
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Last
$8.47 |
Change
-0.080(0.94%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $8.58 | $8.58 | $8.47 | $3.107M | 365.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24839 | $8.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.49 | 101 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ELD (ASX) Chart |