Wonder if PEB shareholders know what is in store for them!
Maybe another 10 years before they see a return! At least Aborgen had a few deep pocketed shareholders.
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2016 report:
New Debt facilities put in place
• A new 20-year term loan facility of $13 million, was established with AgSouth
• The existing NBSC bank relationship has been extended out to August 2017, with a $15 million working
capital line
• Funding lines of $28 million are now available to ArborGen in North America
• Australasian operations are funded by a NZ$4.5 million facility, expiring in 2018
Hi everyone,
first time poster but I've been lurking for a few weeks. Have made one purchase back in February of Atm and now have another small injection of available funds and have found this share interesting. I've read the thread from the first page but have no real understanding as have just started this journey. This money is completely expendable and I'm not risk adverse and I know you have to dyor but would any of you or have you had another dabble at the current sp.
thanks in advance
Elsewhere in the same report there is text which states
" During the year, AgSouth was brought in as a
new relationship bank, with a 20-year $13 million term loan."
So that seems clear long term debt. Their other facilities will be being utilised according seasonal needs.
Extract - The Company said that there are warrants and options outstanding representing approximately 10% of ArborGen’s share capital. “Grossing-up the purchase price for those, and for ArborGen’s normalized debt position, implies an enterprise value of circa US$100 million,” he said.
So $29m for the 70% odd not owned and EV of $100m sort of implies debt of about $50m (taking into account warrants etc)
That's how I see it