I cannot deny that it looks cheap. Equity as shown on the Dec 19 HY report is $130m vs todays market cap of $42m. However the market is pricing in the uncertainties surrounding current adversity facing the company ( bushfire damage, tourism downturn, Coronavirus fears, subsequent economic damage associated with all of the aforementioned). Probably a reasonable long term gamble but I have to say I am not expecting to get any return on my holding for some time.
ATL Price at posting:
22.5¢ Sentiment: None Disclosure: Held
