If it goes into administration, which im sure it will shareholders will get nothing, as nett tangible assets consists of only cash at bank and they will burn through that in 12 months.
Despite turning over $4 billion dollars in H1 after deducting cost of sales and currency translation there income was only circa $10 million.
The operating expenses to produce that was something like $250 million
There is nothing they can do to turn it around
If it goes into administration, which im sure it will...
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$2.11 |
Change
-0.050(2.31%) |
Mkt cap ! $2.822B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.24 | $2.11 | $33.14M | 15.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 203122 | $2.11 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 30268 | 14 |
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| ZIP (ASX) Chart |