TSX:CHE.DB.E - Post by User
Comment by
Khersonon Jul 23, 2020 7:14pm
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Post# 31311227
RE:RE:Q 2 Result release date NR = Copy
RE:RE:Q 2 Result release date NR = Copytoppgunn wrote: The release of the quaterly on Aug 13 will give some good guidance of financial health of Chemtrade and outlook or revenue or future sales. The company continues to pay the dividends and very glad it was reduced a few months back from .1 to .05 as to preserve some cash of around 4.7 million per month. Hopefully, this is kept intact for the next year to apply to debt and to grow the company. Interest payments on debt robs companies of cash in this regard. The long term debt is around 1.3 billion and my estimate at least 20 million on interest per quarter. I fully expect Chemtrade to continue to trade flat or slightly up over the next couple of quarters.
My trading outlook is a year out where expect Chemtrade to do significantly better as not looking 1 or 2 quarters out. I strongly believe a good investment as these prices 4 to 6 dollars.
Are you ever in for a surprise fool! The net debt has actually increased since the 1st quarter!
Lol...
Kherson