They did say this when they took off their fx hedges, implying that rents should be stable enough to keep them out of trouble for at least 8 months.
RJT is expected to be in a position to meet debt requiring repayment within the next eight months from existing cash reserves and operating cash flow. RJT will be required to refinance and/or repay the following debt within the next 12 months: · ¥4.9 billion (A$47.7 million(1)) Shinsei preference equity facility due on 31 March 2009; and · A$14.0 million NAB debt facility due on 30 April 2009.
But who can trust what these guys say?
RJT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
