I suspect we have nothing to worry about regarding the debt on Tse books. I say this because the awarding of the c,wealth govt contract and others would not have occurred if there was any risk posed by the debt load.
It is standard practice to do a risk assessment on the tendering coy and I think it is a tremendous vote of confidence that Tse was chosen for such large contracts.
The coy has said debt will be significantly reduced this half.
TSE Price at posting:
87.5¢ Sentiment: Buy Disclosure: Held
