The CR is fully underwritten so the $200m a certainty.
Great buying IMHO....it has the best balance sheet in the media industry. Also its business is at an all time low. Great counter play. 43% company owned by Australia's richest.
You'd have to buy them here now.
Remember Seven when it was $14 now $2.18 and the peak station and $3bn in debt more than the company is worth. How competitive can they be going forward. Still SELL