I think CFK securing financing from Macquarie Leisure (ML) poses more question than answers.
First point is ML had all the bargaining power, it seem that no one wanted to lend to them considering they were heavily geared. Being Macquarie backed fund I wonder what sort of condition and terms they put on the loan.
Second point ML loan may become a secured investor they will may have first right on CFK assets if they go in to administration.
Just my opinion do your own research.
- Forums
- ASX - By Stock
- CFK
- up 35pc on financing announcemnt
CFK
cfk childcare centres limited
up 35pc on financing announcemnt, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online