Does anyone know the background of this business and how they've racked up $156m of cumulative losses on $465m of contributed equity? I've looked back the last 7 years and they've been profitable in each.
Even notorious write-offer (literally crushing thousands of bottles of excess inventory) TWE has some retained earnings. As cyclical as the wine industry is, this seems excessive. $465m equity tipped in by shareholders, racked up $156m of losses and now that equity only has a market value of $215m.
Was there some cataclysmic "one-off" event that created all those losses?
Does anyone know the background of this business and how they've...
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Last
15.5¢ |
Change
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Mkt cap ! $51.06M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $4.923K | 31.53K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42020 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 126508 | 1 |
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| AVG (ASX) Chart |