and from midfield an unknown player takes a drop kick right between the posts and adds another couple of points for the team.The crowd cheers and the shareprice dips.
Cawse was a non producing powerstation DOG costing a coupla million a year to keep by the look of the 2009 accounts. To come out ahead and add a little bit of cash(profit) to the pot,is far better than keeping it to pay out interest on an ongoing basis.
i suspect the cost was the capital cost,so 17.5m,not paying interest on all that helps(maybe 8.5%= $1.5m/yr)plus 900k upfront profit as a sweetner,sounds alright to me.
I hope everytime the team scores a goal and sells stuff above its book value, the shareprice will fall-preferably around 2cents please(i'd sell a house and be in for that).Because at book value shareholders have a truck load of equity in this business and if they keep selling loss making stuff at such prices -what's the profitable stuff worth-maybe a truck load more.
AEJ Price at posting:
5.9¢ Sentiment: None Disclosure: Held