SYB symbion health limited

imho about 20 cents to go !!!!!, page-3

  1. 635 Posts.
    you said : "must be sitting on a huge cash balance after selling"
    arthur - not yet, most of the sale will settle in first qtr. 2003.
    Agree, then the cash position should look sound.
    The question is will MAY buy more and/or provide a 'special dividend' of some kind ??


    << The trade sale of the logistics businesses for $456 million, announced ten days ago, predominantly will be settled at the end of January 2003, when the bulk of the proceeds will be received. The receipt of these funds and completion of the buy-back will result in Mayne's gearing level being around 10% debt to the total of debt and equity >>

    The above from :
    Chairman`s & MD`s Address to Shareholders/Presentation

    MAYNE GROUP LIMITED 2002-11-12 ASX-SIGNAL-G
 
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