Hi ric. In my post 12-2-08I commented, "The debt situation that...

Hi ric. In my post 12-2-08I commented, "The debt situation that I can see for WTP is approx $200m. A mix of current($73m) and non current($134). I am not an accountant so have only a mugs view of accounts. I also see that borrowing repayments were $25m in the half. 12% of debt. That sounds good to me. Most of the debt as I understand it is for developement sites. They will pay their way in due course if WTP keep up their form. The properties are valued at cost in their accounts as opposed to current value." ....I then said more...
I am not an accountant, just my reading of the report. $25mil (12%) in a half sounds as though cash flow is good to repay debt. Management say that 2nd half will be a stronger half. Timing of projects etc.
I am still a confident long term holder.