RE:ScotiaBBDB859 wrote: Thanks NN.
I think Scotia is very conservative on their figures. The Cash on hand situation will get stronger at the end of 2024, and it will pave the way to reducing the 2025 LTD to $3.7B as Bart D said. Net Debt should hit $2.2B at 1.5 multiple of Debt, to Ebitda..it's just too conservative, given that when Debt is reduced, and interest payments get reduced, you have more cash on hand. The end of 2025 will pave the way for 2026 to reduce the LTD to under $3B if we make an acquisition in 2025 like Belfast, then that could change the equation more in favor of the Scotia numbers. I still say that we should get $250M or so for taking over Belfast, this will cushion the acquisition.
no doubt that end of 2024 the cash on hand will get stronger, even after third quarter results!