Despite the dilution, the refinancing offers relief to shareholders. It is now up to management to enhance the cash flows. The group continues to expect higher pricing in 2020 yet lower than in 2019 (+40%). This will be needed, as capex is also expected to grow after 2020, with equipment ageing.
30 Jan 2020
Q4: with refinancing over, focus shifts on to core business
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Q4: with refinancing over, focus shifts on to core business
Despite the dilution, the refinancing offers relief to shareholders. It is now up to management to enhance the cash flows. The group continues to expect higher pricing in 2020 yet lower than in 2019 (+40%). This will be needed, as capex is also expected to grow after 2020, with equipment ageing.