TSX:NWH.DB.G - Post by User
Comment by
claritason May 20, 2024 9:30am
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Post# 36048555
RE:Treading Water
RE:Treading WaterTotally agree and so does RBC which commented on 'solid operating metrics' and 'balance sheet repair rmains at top of agenda'.
Two points in particular stood out for me. 1- Healthscope Australia is current on rents but in restructuring talks. HSO's owner is Brookfiled Business Partners. 2- 'Significant debt maturities in 2025 ($1.6B or 43% of total' as well as still a high 35% floating rate debt.
The value of the assets is still there and it is a matter of being able to navigate through the hostile interest rate environmnent. Both for refinancing existing debt coming due next year and preventing agreement on any potential takeover value from a buyer's perspective due to the interest rates and venture capital availability.
Management, in my view, is doing a good job on what it CAN control...