So, Homeground is no longer for sale. They couldn't sell it when it was valued as a current asset at $56M so they've now listed it as a non current asset at $63M....what?.....And as a result of this reclassification (which was presumably required/directed by the auditors - finally), their balance sheet is in big trouble and it will be a problem for them wanting to win government work or any work where financial assessments are undertaken. The current ratio is a massive warning bell.
But perhaps the most alarming thing is their delivery performance. If you look at page 13 of the annual report it shows another loss of $9M on sales of $208M.
They're simply not good enough compete in this industry.
Ann: H1 FY24 Results Presentation, page-3
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DCG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.89M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.8¢ | 29.5¢ | $77.69K | 261.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 13441751 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 2038083 | 9 |
View Market Depth
| Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
| DCG (ASX) Chart |