re: Ann: Sale of non-core assets to enable de...
Pcochley
I don't think ISF is far away from beginning its slow and steady climb back up...I just realised I probably like you predicted it a bit early.....
I would have thought dec half year results would already be factored in...but given recent history maybe market waiting for this....
As Morely pointed out and I concur the cashburn is of concern in terms of adding to debt...and less clear how much additional debt has had to be added in view of restructuring costs...
Recent asset sales highlight value of ISF assets....surprised if PE houses were not continuing to circle this stock.....
My view is that some more asset sales are needed and understand more are fortcoming....as that would enable debt to be more manageable, coupled with return to positive cashflow in this half...
Better still takeover offer at somewhere around 15-20 cents would on the cards....as great products with great long term prospects in market leading position across many different regions across the globe...
Just gobsmacked no predator made a play for this stock as seems ripe to pick up a bargain. PE houses, Oracle,....come on you must be interested....
ISF Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held
