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short odds, page-25

  1. Al99
    2,629 Posts.
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    01/09/14
    13:26
    Post #: 13904966
    Madas

    ERM may be happy with the debt levels as they are holding the debt (presuambly secured in this transaction).

    But, the marginal new shareholder, which you need to see this rerated, may have a slightly different attitude to the gearing.

    Just a thought.

    Cheers, Al
    EGO Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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