Forget all the glossy 'marketing' figures.
Go straight to the balance sheet:
Forget about 'cash on hand' as cash on hand has been increasing through not paying rent, hence the continued blow out on trade and other payables.
Just do a quick liquid assets test:
Current assets: $148m Current Liabilities: $202. Shortfall $54m = BIG DANGER for a company of this size and -ve $71 Net Assets.
I had a small position last year but dumped it after half year results came out and this current asset shortfall became glaring.
Forget all the glossy 'marketing' figures.Go straight to the...
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