RCY 0.00% 0.7¢ rivercity motorway group

school holidays over, page-16

  1. 102 Posts.
    I think it's on a monthly basis from now.

    RCY has some cash reserves to get them through the revenue shortfall for a little while...not long though.

    In 2012 RCY is subject to a debt cover ratio test by its bankers. I honestly don't see enough traffic growth in the next 2 years to get them within a suitable debt cover range.

    Fact is, long-term the tunnel will be used by a lot of people. Short-term rivercity motorways corporation is in trouble.

    20 years from now we might look back and say, 'wow lots of people are using the tunnel these days'. Unfortunately, revenue in 20 years time doesn't mean jack today.
 
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