Does the ITO really want to put Range out of business though? Would seem like a pretty stupid move from the ITO resulting in a loss of jobs and a disappointing environmental outcome for Indonesia. Even if the finding is adverse on the outcomes of the 2018 tax year audit, you think they would find a way to allow Range to trade through it.
Agree the fence-paiing business was one of the worst I have seen. Just produce the products in Indonesia at a quarter of the price.
And what ever happened to the recycled pallets going out on a 5 year rental basis, with pay back in year 2 and profit in years 3, 4 and 5? Seems to work well for Brambles once you get over the working capital hump. But Range can't seem to get it going!!
RAN Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
(20min delay)