CM8 5.41% 3.5¢ crowd media holdings limited

Ann: Crowd Media Undertakes Refinancing of Debt Facility, page-34

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  1. 232 Posts.
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    Should be the first set of numbers in a very long time where they don't have to drag out the tired old "underlying EBITDA" line. With the outlook discussed after the FY, suspect you'd hope to see subscriptions flat, Q&A revenue down but margins up, admin costs down, refinancing settled, and media division numbers growing. 

    Doing their usual trick of leaving the announcement to the last possible second however so not holding my breath on any of the above. Taking this long to organize a refinance suggests either the exit terms of the current agreeement were too onerous, term sheets haven't been forthcoming because the numbers are no good and/or the term sheets haven't been great and they're holding out for a better deal. 
 
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