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31-12-2015, 01:09 PM
(This post was last modified: 31-12-2015, 01:10 PM by CY09.
Edit Reason: Edits
)
Kris Energy seems to be in some trouble by its 50% fall in share price in a month.
Looking at its debt profile, it has US$55 Mil debt with HSBC which is due in 2016. However on B/s, Kris Energy only has US52M cash. Given HSBC action against China Fishery, I wonder will this be a repeat to Kris. This is worsened by Kris's Energy increasing trade payables.
With another round of debt redemption in June 2017, I wonder will there be another round of equity raising.
Looking at its debt profile, it has US$55 Mil debt with HSBC which is due in 2016. However on B/s, Kris Energy only has US52M cash. Given HSBC action against China Fishery, I wonder will this be a repeat to Kris. This is worsened by Kris's Energy increasing trade payables.
With another round of debt redemption in June 2017, I wonder will there be another round of equity raising.