GTP great southern limited
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  1. groberts
    96 Posts.
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    01/01/09
    15:25
    Post #: 4649297
    I was reading through the annual report released on Dec 29. On page 25 it states the gearing (net debt/equity) as at 30 September is 99%. This is well above the Austock Securities research report (dated 31 October 2008) which forecast the gearing to be 69%.

    I suspect that if we were to take a gearing snapshot as at 31 December it would be over 100%. These are indeed dark days for the company.
    GTP Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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