Agreed. High-risk high reward environment. Continuing growing impairments and arrears are not good for their cash flows when AXL still have to pay interests to its bankers/funders and its listed bond-holders on time regardless whether its debtors pay on time or not.
It will be interesting to see if senior management & executive management will be buying the stock on the market to show some confidence in its business direction.
AXL Price at posting:
$1.70 Sentiment: None Disclosure: Not Held
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