The FX rate now is the same as it was in October 07, so again they will be aware of this.
You point to the US downturn which again most are aware of and have been since last september at least.
The company debt was redone in Dec 07 - yep thats right, in the middle of the credit crunch they managed to refinance for the next 3 years. For details on the multi currencym multi option facility read the ASX announcement http://www.asx.com.au/asxpdf/20071218/pdf/316k5dn3pyjkgw.pdf
I'm not one who believes that ABS will zoom off into the distance - i see it worth roughly $2.50 in the medium term and that means its currently cheap in my eyes - i'd not recommend anyone buy it, they can figure it themselves and choose accordingly.
Interesting to see you say you will continue your stance to warn potential investors Kray - are you authorised to warn people on financial products?
ABS
a.b.c. learning centres limited
ms deal still not here, page-16
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