BLY 0.92% 54.0¢ boart longyear group ltd

Yikes. Massive amount of interest being converted into debt. Up...

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  1. 99 Posts.
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    Yikes. Massive amount of interest being converted into debt. Up 11% over three months - potential for 50% increase in debt p.a. at this rate?


    Interesting to look back 24 months before the recapitalisation. Debt at 30 Sept 2016 was 674m, then company was recapitalised / issues shares like they were water. Now debt is back up at $667m.
 
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Currently unlisted public company.

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