VituVingiSana wrote:EABL wants to raise 6bn inthis high-interest rate environment... How bad is it for them? BAT has zero debt, KK has significantly reduced (net) debt, etc ... What's going wrong at EABL? This is the time to reduce borrowings not add to the debt!
Things are thick in EABL in terms of cashflow that is why they want to raise the debt.
Dividends are still being paid inspite of the cash flow issues for Diageo to repatriate money since they own 50.03% of the counter.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle