Operating leases are mostly on plant and equipment and tried to cover that by saying - above is also true not just for vehicles but any good (office furniture, plant and equipment etc) being leased out really.
I agree with you though that ecx is exposed to that too.
If I was summarise the post above. I would say, the company is in trouble due to cyclical softening of the market exacerbated by ill time M&A of R2D and dropping the ball in integration of Grays. Further it let SH down by MMS etc merger expectation. A nasty place to be in ATM....
Ann: Trading Update, Merger Update and Transformation Plan, page-58
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Last
$3.06 |
Change
0.090(3.03%) |
Mkt cap ! $732.2M | |||
| Open | High | Low | Value | Volume |
| $2.95 | $3.08 | $2.95 | $4.429M | 1.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4238 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 19000 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FPR (ASX) Chart |