The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
An interesting day when there are more chats than number of trades :)
"....should the net debt/EBITDA ratio fall below 4x before December 2022 then the warrant and PIK conditions fall away". This is from the panmure gordon report, got more detailed views on debt and how the second raise may not be necessary. We can debate if they hit those ratios or not;the odds are in favor of GMS at the moment.
@luke - agree with you on the illumination comment, which is why i keep wondering why this hasn't moved and what is it that I am missing.Personally don't think the risk is libor creeping up or a capital raise.
@ amtech
Revenue is north of $100m (not $50m) and Ebitda is about $63m this year, and possibly close to $80m in 2022. Between the second half of this year and entire next year, there should be enough cash generation to pay down $50m, barring any other crisis. So another capital raise is highly unlikely.
Why would I sell up (or down) to prove my cynicism of adults ramping this up (both here and advfn board) with rocket science terms since months.
Current levels do not price in any of the positive news that has come through in the last 3 months, not even a bit. And that should make everyone wonder if they are missing anything. What would make it double or triple, as it should? Asking that question is not whining.
We are not surprised....this was the expectation by those who are holders and who have followed this since a year. Just look at the share price reaction today....should have been up a solid 20-25pct atleast. I can't explain this. As comparison, check out the price reaction at GOGO which recently provided better than expected estimates.
If the solid booster is overheating, you should immediately head to the toilet....
No idea what's going on. Guess AA was right about the deadline not being today....even Lamprell (also from the UAE) hasn't reported