Looks like the subscribed funds will all go toward retiring a...

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8 Posts.

22/07/15

21:27

Post #: 15677654
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Originally posted by stalslagga ↑

Good news the partnership with DF.

Ausenco and DF can create a profitable team. They are focused on different areas and markets so there will not be slippage on their business.

Also DF has a strong cash position that allows them to afford large EPC projects. As per the note of last week, they joined to bid projects over 500M and today we read that they are already bidding for 1.500M in projects. If only one project has succes that will represent almos 1 year revenue for Ausenco and also it will make DF to recover the money invested on Ausenco stocks.

In short-mid term I don´t think DF will increase its position on Ausenco.

-> I´m not Ausenco stockholder
-> I´m DF stockholder

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Looks like the subscribed funds will all go toward retiring a small portion of Ausenco's short term debt. Unfortunate to see that Ausenco is still trading at a loss, which is funded by short term debt. The company's 31 Dec 2014 accounts suggest the company is insolvent, so will be interesting to see 30 June results.

AAX Price at posting: 44.0¢ Sentiment: Sell Disclosure: Not Held
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