GC1 4.35% 44.0¢ glennon small companies limited

This is not working. Currently the NTA per share is around 70c...

  1. HIO
    394 Posts.
    lightbulb Created with Sketch. 82
    This is not working. Currently the NTA per share is around 70c and Book Value 70c, whereas Shareholder Equity is 36.5cps Not surprisingly the ROE is minus. This set of figures are unsustainable and I can only agree with egl626 that there should be a selloff and funds returned to investors/unfortunate contributors. The only beneficiaries from this company can be those employed by the company and those in executive roles. Sometimes you just have to call it quits, say sorry and move on.
 
watchlist Created with Sketch. Add GC1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.