WFL 0.00% 0.3¢ wellfully limited

Ok , with all info out I say NO, page-138

  1. 493 Posts.
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    Blah blah blah.... by that argument it wouldn't matter if debtors was $0m or $100m and same with Inventory. The fact is the acquisition price of $85m less $12m (external property) less $15m (conditional on performance) of $58m (excluding time) assumes some debtors and inventory (and I'm sure a make good versus cash is baked into the sale). This means the Working Capital needs of the business should be self-sustaining... or positive from OBJ's perspective. This is key to the deal. Is it a good deal? time will tell... it's not terrible. Let's hope that Danny deserves the $15m extra equity in 3 years

    And as a bonus the warehouse rental will help pay the debt obligations.


 
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