Hope you don't mind me jumping in here. I am no longer a holder.
But when a company is owed millions and will have to sell unused 'used' equipment (usually goes for a song) then the money coming in Is NOT profit...it is a loss.
Macmahon has let their invoices stack up too long. They should have written a better contract so they could just down tools early in the piece and get ETT to pay the price for MAH's losses to idle workers.
I can never understand how people let others screw them. Yet I have let it happen to myself......listening to a sob story and letting things slide.
But fact is...the companies lending them credit....do feel they can sell the assets if need be..and regain their monies.
So the assets are worth something to somebody...someday.
S&P ASX300, page-20
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Last
28.5¢ |
Change
0.010(3.64%) |
Mkt cap ! $614.1M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $373.7K | 1.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8714 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 349575 | 7 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |