Posters keep asking about the debt. I looked at FY H17, lets round it up to $600 mil. I understand from @accaeric that this debt has been locked in till 2023 till after the trees come to maturity. I think they are paying 8% or some such.
Lucky they are not with a bank.
Even so QIN owns 4000 Ha in their own right @ 300k per Ha that equates to $1,200 mil. 300k is the price QIN paid to buy about 200 Ha recently. So the debt does not look so bad in that light.
There are ways to reduce the debt before 2023. Trees come to maturity and make a motza on the sales hopefully. Do another CR even at reduced SP Other cos do this all the time. Maybe sell some Ha to INSTO hopefully they will still be interested after this drama played out
IMO
QIN Price at posting:
46.0¢ Sentiment: None Disclosure: Held
