Geez I hope litespeed are paying attention, 21% drop the day after the AGM... What is that about.
Have read the article in the Australian and SMH. They don't do the board justice from what they were saying.
During the presentation yesterday one of the main points phil wanted to highlight was that excess work was not available (like parts for caterpillar machines etc) but their core workload had not changed.
The vibe from yesterday certainly does not reflect the sp today...
Does anyone know if their debt is leveraged to their market capitalisation?? I guess it would be asset based... So yes..
Will they breach debt covenants now?? Just through speculation??
BKN Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
