Yes it's a bit of a shock but I do think that they could just have avoided writing down AXL Taking it on the nose is a good thing.I hate the continued underperformance as they drip provisions into the results. Really I am not happy but at the moment I agree there is an aversion to any risk or cyclical stocks. In some ways I would be glad if they have lightened the APT until after the interim . There is a risk if USA doesn't fire on all cylinders and whilst I know what to expect here I really have no idea of the USA and the consumer there. You can find people here but how do you find then in 250 million.
I am sticking to it but will try to make contact and speak to MG.
Certainly small caps and microcaps are on the block right now.
Ann: Net Tangible Asset Backing - December 2018, page-3
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