AVA 4.00% 13.0¢ ava risk group limited

Ann: H1 FY2024 Investor Presentation, page-2

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    https://hotcopper.com.au/data/attachments/5987/5987265-97d06ebad60cecf3a638ddbaf36a4796.jpg
    Board should be sacked....every division made an EBITDA loss; they have ~2.5m in borrowing outstanding (excl lease liabilities and trade payables), and yet found it important to pay 400k in dividends!!!!

    ~$1.8m in cash in the bank & to my recollection, don't have any borrowing capacity (outside of GJD's facilities).......absolute shocking management and you have to wonder how they are going to continue without some borrowing capacity and/or a capital raise not to mention what they can do IF there is any material order from Telstra.....negligent behaviour from both the board and management

 
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