The balance sheet is going to look catastrophic with those impairments. It puts serious doubt on their working capital and I doubt whether they will be able to keep their current Austroads prequal. That essentially means they wont be considered for that type of government work. Most diligent non -government clients would also look at their financial strength and be hearing the same alarm bells.
What a disgrace the Board is after only 7 weeks ago confirming the guidance they gave to the market in April.
The balance sheet is going to look catastrophic with those...
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29.3¢ |
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Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 29.0¢ | $9.48K | 32.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3831358 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 818295 | 13 |
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| Last trade - 11.24am 11/07/2024 (20 minute delay) ? |
| DCG (ASX) Chart |