WHR27 Sep 2018 08:13
The RNS confuses me, as I'm not quite sure if it's good or bad
WHR is pleased to announce its Russian licensee, Gusevsky Valves Plant LLC ('Gusar'), has entered into an initial agreement to supply Gazprom with two sets of its Tersus™ - TRT Mudline Suspension System ('MLS'),
In the short term, the sale proceeds will be utilised to reduce the RCF element of the Company's bank facility prior to any redeployment. Subsequent to the recent property disposals, the LTV, based on the 31 March 2018 valuation, has fallen to 38%.