AIO 0.00% $9.13 asciano limited

who can understand this logic, page-13

  1. 14,167 Posts.
    lightbulb Created with Sketch. 118
    that analyst has based his valuation on a balance sheet calculation

    debt/equity = 227%

    assets have probably been written down to below debt
    so the company has zero equity

    apparently he doesn't see any cashflow in the near term

    has anybody got the calculation he used?
 
watchlist Created with Sketch. Add AIO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.