是啊,大雷[吐血]
这个事件告诉我,找困境股要找躺枪的股票,不能找中枪的股票
Solid first half (1H16) earnings performance in line with prior comparable period of 1H15
(pcp), with expected 1H16 underlying EBITDA of $10.0 million (1H15: $ 10.5 million).
Strong first half growth in Australian Online revenue, primarily due to 2H15 enrolments.
Impact of VET FEE-HELP (VFH) funding cap will be more obvious in second half.
Softer second half year expected due to phasing of Australian Online revenue and slowing
demand in International segment, with full year EBITDA guidance of approximately $15
million, subject to receiving confirmation of final 2016 VFH funding cap.
Group-wide cost saving initiatives and Domestic restructuring programme are on track to
generate $5 million in savings this year, and $ 8 million annualised savings from 2017 onwards.
Based on current trading, this would translate into an annualised EBITDA in excess of $18
million.
Favourable cash flows in 2H16 will enable debt to reduce by $10 million by year end.
Intueri continues to maintain a supportive relationship with its banking partner. Intueri and
its bank are currently working together to ensure future covenants accommodate the latest
outlook.
Rob Facer has stepped aside as CEO and Director.
我晚上回去整理点东西出来。本来之前想写,就是这个债务不确定,所以想等中报出来以后再说。整体上看,公司会苦几年,但是未来的盈利下降,现在的各种问题已经基本体现在股价中了。每年还的钱,都是实实在在的资产增值,虽然没分给股东。
中报出来。评估以后卖出割肉。 亏损56%。
目前EBITDA 15m而且还有可能下降。债务已经达到72m。。。 今年还债10m都还剩下62m。 就算以后EBITDA不下降,每年还钱8m。达到比较健康的37.5m债务需要苦逼还债3年。。。这还是比较理想的情况,还没算上Quantum赔款,EBITDA有可能继续下降。
还好投入的钱很少,买到了深刻的公司债务教训。
EBITDA能保持18m就有救。 还钱降杠杆3年就能保持一个合适的债务水平。今年能还钱10m,估计这个就是在目前利润水平下每年还款额度的极限了。
明年还有6m的收购费用。加上未知的Quantum赔款 = 目测需要1年多才能还清。然后再还2年的钱。杠杆率就可以了。