RE:RE:A bit disappointed debt is without a doubt still high but last year the $30 m of Q 2 debt repayments was all out of cash on hand which itself was there due to bank draws. In simpler terms there was ZERO net debt repayments in Q2 2023.
in 2024 they did $30m of debt repayments all out of cash flows - massively different - there is still a mountain of debt there though.
the guidance of continued dropping revenues killed them more than the debt issue imo.
National Bank dropped target to 40 cents from $1.
steavie wrote: Debt is being reduced far too slowly. That's why they've mentioned the need to further cut costs. This economy has been brutal for all broadcasters.