RE:Is this company high risk????Revaluation of allowances for expected credit losses 8 (49.4) - I/S line item with Notes 8 and 11
Non-cash Expense. Related to no longer accruing interest (8%) on the receivables owed to S from Energas which was replaced by the Cobalt Swap from GNC (a far better credit than Energas) to S.
Dig in there Stratochief. I would agree though that S used to trade at a way higher valuation years ago. Just two short years ago it traded at 11x Ev/Ebitda. Today? 1.25x. And this after simplifying the business, getting the Co Swap done (evidence it works as of Jan/23), all but exiting oil/gas (carries flat with some optionality) and a new Mgmt Team. Hmmm