PNC 0.00% 47.0¢ pioneer credit limited

and this is what is been hammered out now. Refinancing such that...

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    and this is what is been hammered out now. Refinancing such that the debt is non current and current. More a technical issue and one which requires rectification.
    i haven’t studied it closely yet but it would appear the impact of the changeover is around $12m - coy initially forecast a npat of around $18m..and now it is $4m.
    I agree with Tarvold, we need some indication of FY20 assuming going concern and business as usual.
    observation:feeling: the directors are indicating a solid, if not market leading, business that will survive. Just how the refinancing takes place is uncertain.
    i note the unsecured loan book is on the block for $8m and with expected cash from PDL’s of $92m, there’s $100m less running costs to the financiers.
    have westpac and bankwest acted capriciously? Maybe.
 
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