CM8 5.41% 3.5¢ crowd media holdings limited

Ann: Debt Repayment, page-5

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  1. 8,420 Posts.
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    Jin the way I read it the net debt position of $2.8M is after the $0.58M early termination fee.

    From memory the last couple of quarters they've averaged a debt reduction of around $2M, so a reduction of $0.6M is in line with that (about $0.6M/month).

    In return, interest expense for the coming FY is reduced by $1.0M.

    I think everyone will be glad to see that Vendor debt paid off.

    The last line on page 1 is partciularly promising - FY2017 Q4 the strongest quarterly financials to date.

    Looking forward to seeing the market response.

    Cheers, Sharks.
 
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