last yr they copped 16m in one off restructuring costs. they should be back to profit this year
the banks have allowed them a 20m workign facility that is not yet used(which says a lot during credit crunch period). So Im guessing the banks think that servicing this debt wont be much of a problem.
Chairman has said that EBITDA will correlate with NPAT.
As everyone has mentioned, I dont see many 1b companies having a profit going under. More updaide than downside.
Happy trading!
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
