Daytraders Weekend Aftermarket Lounge Spring, page-10

  1. 1,671 Posts.
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    Read an article on The Mothey Fool last night about yesterday's 33% fall, with the MD leaving and release of the annual results.

    The auditors expressed concern at the ability of the company to remain a going concern.

    Sales for half down 20% and realised price down .17% also.

    Was in breach of banking covenants during the half. Used $133m of $162m debt facility. Management apparently also stated further capital is likely required.

    Not advice, just info from the article.
    Unable to post a link, but was on the recent headlines section.

    I note you have indicated you don't own.
 
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