SHJ
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0.00% 89.5¢ shine justice ltd

I suspect your math may be off. Shine's covenants allow for up...

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  1. ashleywd
    1,680 Posts.
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    28/02/18
    19:07
    Post #: 31427452
    I suspect your math may be off. Shine's covenants allow for up to 50% (Bank) debt to WIP and they must generate enough cashflow to be able to service it. Without checking the report im fairly sure that the max is a low multiple of EBITDA, somewhere around the 2-2.5x mark.

    We don't really want to be trending toward the upper edge of that mark... Companies must leave enough headroom to be able to handle a 'black swan'.
    SHJ Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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89.5¢ 		Change
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Open High Low Value Volume
89.5¢ 89.5¢ 89.5¢ $1 1

Buyers (Bids)

No. Vol. Price($)
1 10000 85.5¢
 

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Price($) Vol. No.
89.0¢ 250329 2
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Last trade - 10.09am 26/11/2024 (20 minute delay) ?
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