The given plastics industry beta is geared, so we first need to degear
this in order to remove the impact of industry-average gearing.
The company had made strong efforts to degear
and improve its cash position, leaving it free to pursue acquisitions.
The Placing and Open Offer and the ZDP Rollover Offer will enable the Company to degear
its balance sheet and rebalance its debt maturity profile.
Group, which has sold half of its trucking business to degear
Whereas selling even a small stake was once frowned on, we at Gresham Trust recognise that owners often want to degear