Interesting business. Factoring. You take on the invoices sent to people who wont pay them. Then you hope they will pay you. Sounds more like debt collectors, hey.
And have a look at any of their presentations. They simply 'pick some magical high number' of new delinquent debts they will take on. And at no stage do they consider the delinquent debts will be a problem. What brilliant minds running this company, hey.
Then, after all the great pressos about how much money they are going to make, they need to borrow money from the dumb retail mug to FUND the business.
They have been in business long enough. If they cannot work out how to make money by now, there is not much chance for the future, hey?
Ann: Trading Update, page-3
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.99M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55030 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 220328 | 1 |
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