If you run some calc's, Net Tangible Asset Value per share has also improved from -$0.33 to -$0.30
A 3c increase.
Stil I sold out yesterday and will be staying away from spotless from now on unless we see some significant contract wins in the news and some positive news from the class action suits.
It is all good and well to say they want to improve margins and reduce revenue (lol a complete turn around from before they were all for more revenue) But how can they manage that when depreciation is increasing all the time. Not to mention a reduced dividend whilst the Liabilities showed no improvement.
SPO Price at posting:
84.3¢ Sentiment: Sell Disclosure: Not Held