Ive seen a lot worse. I note they kept the same auditor which is very positive. Typically if a company is circling the gurgler, they change auditors (at a hefty premium) to avoid telling all the bad news and ensure the directors are protected. Brierty haven't changed auditors which makes me tend to believe the management are telling a truthful story. I'd imagine the banks are willing to negotiate given how much yellow gear brierty has that the banks don't have deeds for. I also note brierty can survive on a smaller working cap loan than they currently have so maybe they'll just reduce the working cap loan size.
I'd say the current share price is pretty reflective of the report. It always seems like construction is one of those industries where announcements occur at the pub and then on the asx.
- Forums
- ASX - By Stock
- BYL
- Ann: Brierty FY2015 results announcement
Ann: Brierty FY2015 results announcement, page-3
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online