After the CR there is plenty of coin available for acquisitions through cash in hand and approved financing arrangements. This is from the half year report:
CASH AND NET DEBT
Net cash increased to $84.7 million as at 31 December 2017 from $25.2 million net debt at the beginning of the period. The December 2017 net cash comprised $129.5 million cash in hand and $44.8 million in borrowings (bank borrowings and accrued interest). The increase in net cash is attributable to the capital raising in August/September (net proceeds of $87.9 million), cash generated from operations ($48.7 million) offset by capital expenditure investment ($14.5 million), FY17 dividend payment ($9.9 million), net interest paid ($1.5 million) and other payments ($0.8 million). The Company has financing arrangements in place with the Commonwealth Bank of Australia Limited and other syndicated financiers. The Banking Facility has a term of three years and expires on 14 December 2019. In December 2017, the Company extended its multicurrency contingent instrument bank guarantee facility by a further $100 million to $295 million and increased the allowable Insurance Bonding limit from $200 million to $250 million. The Banking Facility, together with Insurance Bonding Facilities, provides RCR with access to ongoing working capital for RCR’s operations. The Banking Facility comprises:
a senior debt facility of $46.25 million, subject to repayments of $5 million per quarter;
a multi option facility of $75 million, for working capital, which includes overdraft, cash advance and business card facilities; and
a multicurrency contingent instrument facility of $295 million, which includes trade finance and bank guarantee facilities.
In addition to the Banking Facility, RCR has Insurance Bonding Facilities totalling $250 million.
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After the CR there is plenty of coin available for acquisitions...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.510M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $27.06K | 2.119M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 190656 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 773515 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 190656 | 0.012 |
9 | 3154325 | 0.011 |
5 | 1722323 | 0.010 |
5 | 1513333 | 0.009 |
3 | 480000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 773515 | 2 |
0.014 | 1362816 | 6 |
0.016 | 276029 | 2 |
0.019 | 35117 | 1 |
0.020 | 241675 | 2 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
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