NRZ 16.7% 0.4¢ neurizer ltd

Ann: Amended Appendix 5B, page-34

  1. J L
    1,784 Posts.
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    J P. - "In particular, the Company is working on finalising both the sale or sale and leaseback of particular assets,"

    Oh great, what are they going to sell. and how much are they worth.

    Take a look at the value of plant and equipment over the last few annual reports.


    https://hotcopper.com.au/data/attachments/5907/5907993-8fe18c7f9b9a71222e8fff2279ec3636.jpg

    https://hotcopper.com.au/data/attachments/5907/5907990-a0a1edb6614ff1ea4e4df4bd54551bf8.jpg

    https://hotcopper.com.au/data/attachments/5907/5907998-31f5ef1e76d6eaa4218d88f0c6b5e18a.jpg

    And the $3,820,634 includes the gen sets. See below from 2022 Annual Report.

    https://hotcopper.com.au/data/attachments/5908/5908032-b86d4700e6ab8070b5a75ce7d097baa0.jpg

    Someone, please tell me what they will sell, or sell and lease back.

    Take off the $3.5 million for the gen sets, and there is not much left to bargain with. Who would want to own the gen sets anyway.

    Looks like the vehicles (< $230,075) will go and they will be sitting on the floor with very little office equipment. Thats about it as far as I can see.

    I find it difficult to share this guy's enthusiasm, but he is convincing.
 
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