cant really see a base forming for sure yet but had a speccie order on at 4.50ish that got filled yesterday and just bought some more -i guess its on a wing and a prayer but they dont seem to be overly geared -on a hard assets basis yes, but their current assets nearly cover their debt and on an interest cover point of view they were comfortable ( backward looking of course!)
there was a fair amount of debt listed as current in what i read just on commsec so not sure if that has been refinanced but should not be a huge issue for them (Europe and world problems notwihstanding )-the aquimisa acquistion is not counted in debt I saw as yet either, but the purchase price should not be huge given they only turn over $20m euros
ALQ Price at posting:
$4.78 Sentiment: None Disclosure: Held
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