OMG - I think ASL managment just bought a mongrel with fleas the only winners as far as I can tell at least short term are the underwriters and the vendors of Barminco - the managment of ASL just handed shareholders of Ausdrill a company transformed into a debt laden ($643m / net debt $502.6m from$267.3m net debt prior to trans), goodwill carrying (Goodwill increases to 497m from zero) and intangibles loaded beast (intangiables increase from zero to $268.9m and meanwhile they double the number of shares on issue. Then to rub salt into the wound they raise capital at a 14% discount to it's last price - "fully underwritten" by it's advisers (probably at great cost) - ASL has got a lot of drilling to do to get themselves out of this hole in my opinion....DYOR
OMG - I think ASL managment just bought a mongrel with fleas the...
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$1.00 |
Change
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Mkt cap ! $943.4M | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | $1.01 | 98.5¢ | $1.084M | 1.087M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 33908 | 99.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 63478 | 37 |
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