BLY 0.92% 54.0¢ boart longyear group ltd

Debt is now more manageable, my back of envelope calculations,...

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  1. 622 Posts.
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    Debt is now more manageable, my back of envelope calculations, figures from 23/5/18 Presentation) show:
    YE 2016 Debt US$735.5Mil at 10% imply Interest $73.5Mil
    Mar Qtr Debt US$616Mil at (now) 8% imply Interest $49.3 Mil
    (Please note as per presentation no actual payments this year...so cash flow is being used for and may be substantial capital repayments).
    That is a massive saving of US$24.2Mil annualized...
    The will be increased revenue from volumes as well as pricing...as well as cost cutting...and the turn-around is well and truly underway. This may be the reason someone is accumulating all that is being dumped by the holders...and Ann soon??
    I accumulated another 900K at .011
 
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