BRO
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0.00% 0.2¢ broad investments limited

insolvent I'll just summarise for everyone in a nutshell whats...

  1. scrabble1
    5,852 Posts.
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    03/11/04
    22:27
    Post #: 641312
    insolvent I'll just summarise for everyone in a nutshell whats in their annual report

    Current assets $1.3million
    P+E $11,371


    Total Payables $1.5m
    IBL $200k

    Net assets ($373k)

    Whatever accounting ratio you decide to use, they are screwed.

    They have more CURRENT liabilities than assets put together.

    I suggest everyone looks at the financials before whether deciding to invest.

    As I see it, they are trading whilst insolvent.

    Very very dangerous


    BRO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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