URF still a hold?, page-18

Ricko,

what you say is "true", however, there are a number of things that will chg the "numbers".......

1. any interest / management fees / maintance costs capitalised in the assets ?
2. what cash is payable to the US asset manager for debt arrangement / fees for leasing / renno work / disposals& acquisitions
3. how much cash has to be spent on the 24% of properties on the books to make them saleable?

very very very roughly:

1. approx. 25-30m
2. 2% / 8% / 15% / 2%
3. circa 55m , not sure if that is only in 2019......suspect it is !


timelines for debt repayments 20-21 / 23 .....

rgds
V_H