MLC mothercare australia limited

Hmmm Amazing EFY result!!!!22M in the red.3M left in cash.60%...

  1. 5 Posts.
    Hmmm

    Amazing EFY result!!!!

    22M in the red.
    3M left in cash.
    60% take up on cap raising.
    Debts substancially higher than Assets.
    Outside bank convenants, by the banks agreement I do note.
    Horrendous retail environment.
    Massive rents.
    More outlay on store conversions, with stores only to lose money.
    Very competitive market sectory with huge compliance spotlight.

    ALL IN ALL DROP THIS BABY BEFORE IT GOES POP!!!

    PUN INTENDED.

    Cheers
    ChuckyB
 
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