Any guesses on what the profit/loss for the upcoming half year result will be.I will have a stab in the dark.
As per recent price query to asx the result before tax and before abnormals was to be within 15%.Last year result was $15.4 million loss so I would say $17 million loss.Abnormals is the question and you would add $3 million for UK restructure.Other abnormals but as a very rough guess $10 million.So Loss before tax of say $30 million. Lets turn to the balance sheet which had net assets of $447 million so take off the $30 million leaves $417 million net assets.NTA was last reported at 6c so the $30 million loss will lead to an NTA of 1c.
Am I too conservative?
Any other guesses?
One thing I would say that the longer it drags on the more chance of survival under Andrew Price.
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