When big loan reach its time limit ..... end of this year or early next year... i forgot liao.. now one quarter profit 2 millions, 4 quarters profit 8 millions, (loan if not mistaken 200 millions) .... mana cari duit bayar ?........ If you are director , anyone have any suggestion how to pay.....
Lets imagine all of us are director, anyone can come out any suggestions to make this company profitable ......instead of just waiting the company share to fly ?
Or anyone is interested to help the company to pay back the huge loan..?
Is it possible to use existing shares as collateral? Current market so much shares floating around.
Initiate a buy back and discuss with bank to accept the shares as collateral.
In this case, bank loans may be extend longer, giving a breathing space, and lesser shares on the market floating around, therefore, possibility of the shares price going up will be faster.
i think the management will refinance the loan (extend to another 2 - 3 years), since the balance sheet is not so bad. L-T loan - $127mil, S-T loan $103mil & Trade Payable $ 75k = Total $305mil If loan extend, let say to another 1 year : L-T loan - $178.5mil (+51.5mil), S-T loan $51.5mil (103 / 2)& Trade Payable $ 75k = Total $305mil.
The company still can serve the loan with Trade Receivable of $137mil in a year, additional of Cash flow generated from operating activities (after pay the loan interest) is $24mil for 2 quarter, equiv to $48mil. The company manage to pay off the debts within 4 years $178.5 / 48, provided the company can make profit, which i think it shouldn't be problem since the outlook of drybulk become promising (as the comments given by Hubline CEO & also Maybulk CEO).
Robert Kwok will be listing his shipping subsidiary in q3. 2nd half is a promising half for shippers. Btw, a 5s co can turn in 5m profit YTD, puts many main market counters to shame! NTA 14s, if it can continue to deliver 10m or more this year, you definitely won't see 5s anymore!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
scar
57 posts
Posted by scar > 2014-06-04 13:47 | Report Abuse
goreng goreng when it starts to fly...