MCE 4.35% 33.0¢ matrix composites & engineering limited

Ann: Matrix proceeding with $20m sale and leaseback, page-4

  1. 5,420 Posts.
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    the buildings were listed at 34mil on the balance sheet (which doesn’t include leasehold improvements which have already been depreciated, and they’ve got 20mil for them? Far out, that’s pretty ugly. Obviously non cash but will presumably require a 14mil loss in the upcoming results.
 
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