Valuation, page-43

This company has a very good future.
But it needs to ensure it is around to enjoy it.
At the moment there is little wiggle room in its debt covenants and its free cashflow generated from operations. And with operations just shuddering a bit, I would bet this is why the shorters have smashed it the last few days. We will see when they release their selling in a few days.

If it is to keep its growth trajectory it needs to have more headroom both for its debt covenants and for the "rainy day" should online dent its rev growth. A low debt level is a must. It can always be distributed back in 3-4 years if not needed.

I'm still for a capital raising.