net present value, page-5

Common Davo, I did not write they reduced debt by 20% in 8 weeks.

What I Wrote was that they have "Around" $US30 Mill nett debt & note that they endured some signifant exchange rate losses otherwise they would have paid more "net" debt off in the previous QTR (i.e more than 5%)

And also note they paid $US53 Million of debt off over the full year So I stand behind my statement of "Around" $US30 Million

And talking about 'pushing it' what about calling their net debt which is around $US30 Million " massive debt" - when you compare it the NPV figure and you note how much was paid off over the last year.

Now that's "Pushing it"!

As far as making a dime for shareholders??? I noticed they have had good periods of rising earnings & SP & had a pretty darn bad period recently with their SP despite some decent profits & some impairments - As far as paying dividends many companies choose not to when paying off debt or when they need the funds for growth - so that in itself mean a company is bad.

Doesn't the fact that their bank extended their credit says something ?... at a time when banks are very reluctant to do so.


Have you lost money with them ? Is that why you seem so dead set against PSA ?

Cheers