21-11-2012, 09:53 PM
(21-11-2012, 09:47 PM)newyorkcityboy Wrote: Given its substantial amount of total long term interest bearing debt (S$4.3 bil), do we have any insight on who its lenders are?
In the worst hypothetical case, since its debt to equity is > 1, there could be banks who may have to take hair cuts? Would this present systemic risk? Old Value buddies like me will recall Pan El in 1985. Just wondering in a hypothetical scenario analysis. Not suggesting weakness or casting aspersions on Olam.
Our markets has involved since 1985. I doubt SGX will shut the market for 3 days over one company.