Ann: Trading Halt, page-21

It needs updating its right off,depends on how its calculated but a business I was helping to run pre covid had future liabilities as loan repayments and interest calculated plus lease contracts so alot of turn key costs that they were legally obliged to honour,lease contracts can be very difficult to break so I regard those as a serious liability in times like now,also they have to recoup the lost value of Capital Smart any holders of the 1.15 placement will be frustrated if still holding,a question I have is do funds think they are going to earn a healthy dividend or are they hoping for SP increase,both i know but dividends at their best before were just over 2.4% and the 300 mill new shares will put the company at an immediate valuation of 600+mill if it goes to an optimistic 1 bill MCshares will be around 70-75c
,I'm not ruling out a rebound in the smart shops but think the profit will be under 200 k a shop at best just a gut feeling prediction after reading their reports not to be taken as investment advice for holders,I listened to brokers in the past bullish on AMA as it started to struggle there was never any fundamental analysis that I agreed with panel shops are a beast to run and when momentum is broken it can take a herculean effort to restore,I sound like a broken record but the last 15 years most have changed hands,gone broke,sold out downsized whilst a select number of hard players are still operating with plenty of grizzles.The point remains we have two main work providers who have the ball in their court,I believe Iag will try to compete hard with their Repairhub shops they only do fast moving small repairs while Suncorp has to use a company thats struggling its going to be hard