How would you know if that release is good, bad or indifferent?
They are continuing on for another two years with a contract that they currently have. That contract is part of the current workflow that produces quarterly losses on a constant basis. How would you know/trust AYG that these contracts have profit margins in them.
There whole approach is chasing volume and revenue as opposed to margins. Obviously they think they get to a point where the margins will look after themselves.
I do admire the $5.2m figure in bold heading and then detailing in the release that it is for extending a current contract and over two years (ie $2.6m each year).
The increased turnover for today and significant increase in buy orders at $0.04c is duly noted........obviously on the back of the current release and maybe even from the Deloites release the other day.......
It is just hard to get a beat on a company that keeps expanding and buying more business's with a worsenning or best case static quarterly loss results.
This could be a great release and the start of the turn around - it is just could anyway really know.
I guess you take a punt.
I did that at 2c and sold at 1c............maybe that could explain my glass half empty views!
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