AJL 0.00% 0.9¢ aj lucas group limited

sale of 25% interest in bowland prospect, page-2

  1. 1,113 Posts.
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    A little underwhelming to say the least...

    Assuming all goes well, Centrica basically get 25% of Bowland for GBP100m + provide 60m for expenditure.

    Cash to AJL is GBP10m now and further 15m after at least 2 years, so no real solution to AJL's debt problem.

    AJL's effective interest reduces to 43%.
 
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