Jeez
Market cap is around $67m, not $90m
Net assets are meaningless given the current state of the company,
Looking at 31/12 accounts
Property plant and equipment is $30m. Largely funded by lease liabilities of $19m So those disappear immediately and the creditors will stand ahead of shareholders for shortfalls.
Right of use assets at $20m I assume would relate to Legune which i would expect to be at serious risk given current state of affairs, and if not be significantly devalued given recent announcements
Other secured loans of $5m would rank ahead of shareholders.
And if you think that balance sheet assets are reflective of real life valuations in cases such as this, you should look into recent insolvencies..
JeezMarket cap is around $67m, not $90mNet assets are...
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| Open | High | Low | Value | Volume |
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