AX1 0.46% $2.18 accent group limited

Ann: COVID-19 Update, page-2

  1. 177 Posts.
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    Condolences to any employees on this news hopefully the business (and country) can get back on line asap and things get back to normal.
    Shareholders will have to determine how much they want to risk in the mean time.
    Liabilities will quickly add up, but hopefully lease payments can be negotiated with landlords and 44 mil in cash gives them some time at least.
    4 Weeks is around 8% of potential yearly revenue - Online and wholesale making up around 30% of the revenue mix. Retail is very murky at the moment and only the best are going to survive after all is said and done

 
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