CM8 5.41% 3.5¢ crowd media holdings limited

New Video: Dom at CommSec - Latest CM8 Update, page-7

  1. 8,420 Posts.
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    Depends what you mean as substantial. We already know the company anticipates it will get gross debt down to $7M by next Feb (gross debt last month was $15.4M) - a reduction of $8.4M. Hopefully cash level remains relatively steady in the process - that would be a great result.

    But I get what you mean - I think the market responded positively to the half yearly which showed a reduction in net debt of $4.1M - so if similar in 6 months we could see >15c sustained on that news.

    Cheers, Sharks.
 
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