Check their latest presentations, but my recollection is that when they have finalised all their recently announced takeovers/mergers then their net debt will be $AUD600m.
Because of its production profile, strong management and lower costs EVN is attracting institutional and overseas buyers, so its probably a bit over-priced at present. Maybe its share price will continue to trade at a premium for some time, especially since a lot of its shares are locked up.
loki
SBM Price at posting:
74.5¢ Sentiment: None Disclosure: Held