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23/04/15
10:28
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Originally posted by johnmcgee
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The order book indicates they have at least $150million of work next year. I think you can take a reasonable guess that they will turn over at least that much and there is plenty of overheads in Perth that can be cut to avoid making a loss. Don't have enough loans to send under either. They'll survive. Just might not make very much for next 2 years. I think at a price earnings ratio of 3 they can't fall very far. You could liquidate the company and make a profit at these prices.
Don't forget they will make normal profits again in 2-3 years time and they are a lot less likely to go under than competition because of smaller size and better balance sheet than the likes of competitors such as nwh or vie.
I'm one for long term positives with short term doom.
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Speaking of VIE - 'The securities of Viento Group Limited (the “Company”) will be suspended from quotation immediately following the appointment of administrators.'
Might enable a bit more breathing room ...