SRF
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0.00% 6.8¢ surfstitch group limited

Ann: Company Update-SRF.AX, page-132

  1. jamwolf
    5,947 Posts.
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    30/08/16
    15:11
    Post #: 18795822
    I'm gobsmacked that the shares are down so much. We knew the results would be horrific, and with new CEO you would hope that the decks are clear.

    Losses will likely continue in the current year, but with the sale of SH there should be at least $20m of net cash at June 2017.

    So the enterprise value is $10m.
    SRF Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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