SGH 0.00% 54.5¢ slater & gordon limited

"Rubbish they have the banks support so what ever happens the...

  1. 3,214 Posts.
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    "Rubbish they have the banks support so what ever happens the company will still continue on as normal."

    Good heavens - where does one start with this stuff?

    It is not a matter of, "... whatever happens"! There are specific conditions (refer slide 6 of the most recent announcement).

    I highlighted the salient parts just to make it easy.

    " The Company has, however, agreed to certain amendments to the Facility with lenders including:
     Simplification and reset of financial covenants to provide ongoing prudent headroom

     Increased frequency of reporting to lenders
     Facilities are now structured as term loans
     Semi-annual debt amortisation from June 2017
     Not to declare or pay any dividends"
 
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Currently unlisted public company.

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