Disagree about the leverage. They have debt with a 4 year term to run, they have a facility which is being paid down over the next 18 months upon completion of contracts and also have an additional $70m pa cashlow from end of April 08.
So the actual debt itself is more than manageable and not excessive.
IBA
iba health group limited
iba wins 47.8 million contract extension, page-21
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