RE: Contract29 May 2025 15:52
I am hopeful we will achieve 35p+ but we need to be realistic.
WG have broken their debt covenants in 22, 23 and 24 likely by a large number given Sidara’s generous offer to pay back debt to pacify lenders (50p+35p=85).
The lenders are obviously in the driving seat - increasing rates as compensation?
Assuming 50p is enough then I suspect there is scope to lift 35p given budging order book although fulfilling this glowing order book is going to require access to further debt at least short term?