BNH
I agree that the NEW mgt team are staring to do 'something'. Something that has been missing for a long time IMHO these chaps are still a long way from Damascus and i would not be betting the farm on a recovery.
Based on your figures (and the ones you ommitted, like the one off restructuring costs) they are a couple of years away from a secure footing, during which they will be at the mercy of the banking syndicate.
I do believe there will be a rights issue not unlike that at BLY (which i think we both did well out of) the only problem is the SP will most likely trade down to the issue price, so a reasonable man would ask if you are certain this will happen why would you buy now?
You will note my 'position' has changed and before you start speculating i am shorting (again) this is a small holding as i can't easily get to the casino and i am of the view that the sp has bottomed and will/could bounce from here.
- Forums
- ASX - By Stock
- ISF
- to buy or not to buy...
to buy or not to buy..., page-7
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)