Hi guys,this has been on my watchlist a while.Debt and Traffic flow are my concerns.ABNAMRO have t/p of 48c and their model has discounted predicted traffic flows by 20%.Forecast EBITDA 2012 $93 million and div of 6c with $1309 million debt.Has anyone done some work on this debt and traffic volumes needed to make it all viable,banking covenants margins etc.Maybe a good stock to be a contrarian after Brisconnections and Connecteast and believe the y 'll get this one right?! And anyone live there to sharetheir commuting experience as it is now? Cheers.
RCY Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Not Held
