SRF surfstitch group limited
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Ann: Company Update-SRF.AX, page-3

  1. jdpc35
    1,071 Posts.
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    09/06/16
    08:55
    Post #: 17991068
    Wow - that is one heck of an adjustment! EBITDA going from +$17m to +3m and now to negative $17m all in the space of a couple of months. It will take quite some effort to untangle the FY16 accounts when they are released and try to work out exactly what is going on with this company. The market will smash the stock when it opens.

    The only saving grace - they have no debt and so no banker to worry about.
    SRF Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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