Agreed not cheap, but not expensive either...considering the 3 major factors:
Restructuring over (won't have future costs of $54Mil plus ongoing savings of lower staff numbers
Back from Insolvency...debt at lower cost and equity..eg US$284Mill Unsecured notes at 1.5% I/of 7%..!!
Revenue up..this qtr $199Mil..annualized at $800Mill but rising and mining and resources uptick
I see a re-rating soon..
should be a good trade, page-67
-
- There are more pages in this discussion • 95 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
