Not pleasing in the slightest, and has already seen in early...

Not pleasing in the slightest, and has already seen in early trading a drop of 12.62 per cent in the SP to only A$0.45.

Did ASH do sufficient due diligence prior to acquiring this entity?

However, at least it's been disclosed (as it should be) with all figures out in the open.

Let's hope the subsidiary can find new opportunities. This may be extremely difficult to achieve. The pressure is on to quickly achieve this in an environment where the Federal Labor government's proposed employment legislation is a direct attack on labour hire companies.