Debt Repayment in Focus - A big positiveReading their presentation. Reduction in total debt since F2018 of 912 million or from 1,999 to 1,087 billion. This is the biggest positve as I read the presentation. The debt is continually being reduced event in the the worst of the challenging times of fiscal years 2022 and 2023.
This is a real tipping point as if debt goes the other way then company is in real trouble, but continually begins to get lower. Are we near a bottom? Perhaps, but sure there is going to be some tough slugging for 2024. Welcome the dividend cut as this is finanical prudence. Would rather have share price appreication anyday over continuance of dividend thats can crater a company. Still believe better times are ahead in 2025 and onwards. If Corus survives, this is the ultimate buy at present prices.