Has anyone seen the business case as the payback period is supposed to be less than one year? How long is the useful life of the CAPEX project, as year 1 will pay for the investment implying that years 2+ are a net contribution to revenue. Despite the high interest rate, the most recent RNS appears to have secured a sensible way forward for this development.
In all seriousness, if the payback period is this swift, things look quite good. The directors dealing, I am hoping is also an indication of future activity. It is a modest investment but nevertheless a positive signal. The question is of what magnitude.
I have to admit to have been a little disappointed with the annual report, but the current activity appears to be focussing on some significant capital activity. Perhaps there is more to this than the report revealed.
Another positive is the fact that UEN is in a position to secure the loan in the first place.
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