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In context, ITV has net cash of around £200m.
Balfour added that its year-end order book would be below the third quarter's £11.7bn, although it closed the year with net cash of around £180m.
The saving grace is net cash of around $115m.
In addition to seeing upside to the Block R development concept, we believe Ophir is well positioned to take advantage of declining industry costs and continues to have a very strong balance sheet with first half estimated net cash of around $600m.
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Analysts at Liberum Capital said FirstGroup's balance sheet could be hit by the move, and it might need a cash call of around £400m.
As for the four leading Swipes, they have a combined net cash pile of around $140 billion.
It said: "We believe many observers are expecting a cash return of around £200m.
To help soften the blow, the government is offering a one-time cash payment of around $77 per person.
Subtract the $200 million in planned capital expenditures, and the company has a negative cash flow of around $150 million.
Some of the financial blow to consumers has been softened by cash payments of around $40 a month, which the government says it is paying to 60 million Iranians.
However, Mouchel would still have a net debt position (in excess of £90m, representing gearing of 150%), compared to a potential enlarged net cash position of around £4m.
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