Greg
Enjoy your posts,
its possible some a2m production may have halted. There is excess inventory and a stock provision has been raised. The stock provision is a book entry charging a book (not cash expense) expense to profit and loss.
If they actually sell this excess stock they can reverse the book entry and second half profit results will be $20 million better than first half profit results by a flick of a pen ( well, a computer journal entry reversal any way). I started my working life as an accountant.
Halting production may be a wise idea. I don't think there would be any long term lay offs.
Takeover??, page-44
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Last
$6.91 |
Change
0.040(0.58%) |
Mkt cap ! $4.995B | |||
| Open | High | Low | Value | Volume |
| $6.87 | $6.94 | $6.82 | $13.46M | 1.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8562 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 3312 | 2 |
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| A2M (ASX) Chart |