alot worse then negative $85m.....strip out the tax benefits n...

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mickeebee

4,308 Posts.

1217

01/10/22

11:10

Post #: 63979119
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Originally posted by hcosah: ↑

Not a holder but not disinterested. I was a holder in the past and have continued to follow the company should an opportunity to buy re-present. I was an enthusiastic owner and a reluctant seller: https://hotcopper.com.au/posts/31858210/singleShare price is one thing and you may be able to make a quick profit, I'm happy if you do. My comments relate to my view of the business not the share price.

Investment is about the balancing of risk. Even if fundamentals are not your thing it is worth knowing that current liabilities exceed current assets by 100%. As a whole the company has negative equity of $85 million against a market cap of $30 million. In theory equity is what is left over if you wind up the comany today. Creditors must be very nervous. These are the reasons that the auditor highlights 'going concern' and 'value of inventory' as key audit matters. It's not impossible to trade out of a situation like this but the company will be hoping for a macroeconomic windfall and the right side of the ledger with luck. In other words they are relying on factors outside their control.

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alot worse then negative $85m.....strip out the tax benefits n leasing!!! esp lease benefits

whats left???

MOZ Price at posting: 27.5¢ Sentiment: Sell Disclosure: Not Held
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