A poor year??..what about the poor investors who kept the faith and declined to put stops on, now losing 3/4 of their money in under a year???..surely the Directors have to take some responsibility for not disclosing the real issues with the company? Debts are over 4 times market cap and revenue will be half this year with the releasing of (not selling) Go Getta business. There is nothing in the latest report in advising the current situation of the ASIC investigation in relation to the vehicle loans? The directors keep reiterating the success of increasing the asset base but what is the true value of these fast depreciating assets and what percentage of the assets are non earning (repossessed and old stock taken back), the NTA is not a true value but based on a depreciated value of an over priced item (the sale value to the end user from the dealer, not the true cost?).....this company is an utter disgrace
SIV Price at posting:
$1.78 Sentiment: Sell Disclosure: Not Held
(20min delay)