Hi all Problem with ABS is they have alot of debt. This is ok...

Hi all

Problem with ABS is they have alot of debt. This is ok when one has good value assets againsttthe debt and good income to service it. A revaluation of assets or income is not a good thing for a heavily indebted company like ABS.

Re comment ABS cant fai as they provide alot of child care services. I disagree, it can be sent into adminstration by the banks, someone will buy the vaulable assets at a dsicount and the childcare services will continue, but shareholders will lose out.

Good luck to holders but try to be objective as possible when the announcement comes out, ask yourselves why SP dropped so much in the preceeding days before the trading halt. That in itself reflects a degree of slackness or corruptness by the company