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$2.06 village roadshow limited

Cap raising is likely......banking get nervous when market is...

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Yoda2503

871 Posts.

112

18/04/18

18:30

Post #: 32536246
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Originally posted by Value_Hunter ↑

last lodged accounts.....

clearly - that should be adjusted by circa 100m in sale and lease back deal .....

even so - at 3.5-4.0% - its 15m .....

plus the inc in lease costs (6.3m) .....

basically - UNTIL they get 0.6 - 0.8m punters throu the gates in sunny QLD - they wont generate enough cash to pay for the "growth options" and the int bill....

I do agree - there is defintly value in the assets - but the bal sheet is still not solid enough (they could sell ipic equity, net net 30-35m)....

I wouldn't count on the divvy being reinstated until the above in fixed ......

rgds
V_H

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Cap raising is likely......banking get nervous when market is below net debt......it's getting close

VRL Price at posting: $2.44 Sentiment: None Disclosure: Not Held
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