How much external debt would it be prudent to wipe out ?
Nothing like a free shareholder loan, but probably won't help with Imputation credits or the taxman still
grabbing a usual chomp of the pie assuming the pie is still sitting high enough ..
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Chill, Greekwatchdog. You are starting to sound like the Ryman posters who became aggro with the speculation and expectation of a CR as its sp fell.
One prize idiot, panda-nz, even posted that Ryman should in fact load up with more debt and did a share buyback!
OCA’s sp is following the same pattern as Ryman - attempts by the sp to recover are taken advantage of by some players to sell down and out.
Looks to me like a CR in the offing.
In any case, OCA reports next month so it will become clear by then.
We good?
It's strange that all this cap raise and debt talk occurs primarily on OCA's thread, when they were the ones locking in long term debt at 2-3% and raising equity in 2020-21. Meanwhile, the threads of other companies with less foresight and preparation are barely touched.
2022 annual report says 10 mil cash to service 400 mil debt :scared:
if they6 do a 400 mil cap raise take the shares outstanding over 1 billion :scared:
would that mean a div going forward of .00006c per share ?
I'd personally rather they didn't declare unimputed dividends - the only beneficiary of unimputed dividends is the taxman