AIR 0.00% 60.0¢ astivita limited

Hey thereBy Balance sheet you mean assets? It would be nice if...

  1. 78 Posts.
    Hey there

    By Balance sheet you mean assets? It would be nice if the floods also swept away companies debts..

    They stated the impact was a few hundred thousand of inventory, and thats it. Anything else material would have been disclosed. Remember AIR is an importer, it has next to no pyshical assets outside of this inventory.

    AIR does not create, build this inventory, hence all it takes after losing it is a simple phone call to get some more. Unless the phone got washed away, these guys should be fine!

    So the question is will it effect earnings? Well yes it will, it will shoot them through the air (excuse the pun) as new houses rebuild, buying solar whilst the discount is in place (1 july).

 
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