Black Diamond reported 4Q15 EBITDAS of $16 mm, below our forecast of $18 mm. The Company’s 2016e capital program has been reduced to $10 mm from $25 mm as Black Diamond is going to focus on redeploying exis ng assets rather than building new assets. Our estimates suggest that Black Diamond will need to cut its dividend when it releases 2Q16e results due to a violation of its excess cashflow restriction. We have lowered our 2016e EBITDAS to $51 mm from $58 mm. Our 2017e EBITDAS has been lowered b ....
04 Mar 2016
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Black Diamond Group Limited (BDI:TSE) | 0 0 1.4% | Mkt Cap: 165.7m
- Published:
04 Mar 2016 -
Author:
Ian B. Gillies -
Pages:
6
Black Diamond reported 4Q15 EBITDAS of $16 mm, below our forecast of $18 mm. The Company’s 2016e capital program has been reduced to $10 mm from $25 mm as Black Diamond is going to focus on redeploying exis ng assets rather than building new assets. Our estimates suggest that Black Diamond will need to cut its dividend when it releases 2Q16e results due to a violation of its excess cashflow restriction. We have lowered our 2016e EBITDAS to $51 mm from $58 mm. Our 2017e EBITDAS has been lowered b ....