ASH 2.00% 25.5¢ ashley services group limited

I don't think the Shrimpton care much about the share price and...

  1. 431 Posts.
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    I don't think the Shrimpton care much about the share price and what it will do on open. If I was them I would be concerned with keeping the company afloat and having a plan for future.

    There is no doubt the price will get absolutely smashed but given no real debt (and presumably no covenant issues), it will be the next twelve months that will matter.

    My bet is we touch 5 cents and close around 7 (if it re lists)

    We also need to get the class action off our back as this will inhibit borrowing and any potential trial capital raise.

    I won't be hitting the trigger to sell as the exits will be clogged with irrational shareholders.
 
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