I think we can say the company will lose money this year, that is a net loss after tax.
EBITDA of $75m
Depn approx. $130m (this is FY15 charge)
Interest $20m
Impairment $??
Net Loss before tax $75m
An EBITDA of $75m will cover debt repayment of $48m and plus interest of $20m. Not sure what the capex profile is but you'd have to think dividends will cease in short term.
The disclosure referenced they were within banking covenants - wonder if this is still the case given the belting over the past 24 hours. Perhaps there is no covenant linked to listed market cap.
I think we can say the company will lose money this year, that...
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