So, Homeground is no longer for sale. They couldn't sell it when it was valued as a current asset at $56M so they've now listed it as a non current asset at $63M....what?.....And as a result of this reclassification (which was presumably required/directed by the auditors - finally), their balance sheet is in big trouble and it will be a problem for them wanting to win government work or any work where financial assessments are undertaken. The current ratio is a massive warning bell.
But perhaps the most alarming thing is their delivery performance. If you look at page 13 of the annual report it shows another loss of $9M on sales of $208M.
They're simply not good enough compete in this industry.
Ann: H1 FY24 Results Presentation, page-3
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Last
29.3¢ |
Change
0.003(0.86%) |
Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 29.0¢ | $9.764K | 33.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1854571 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 1651925 | 17 |
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| Last trade - 15.32pm 24/05/2024 (20 minute delay) ? |
| DCG (ASX) Chart |