AJL 12.5% 0.9¢ aj lucas group limited

trading halt re guidance, page-23

  1. 190 Posts.
    I've taken a lot of chips off the table

    Just 4 months down the line from June's "underlying" EBITDA guidance and we're down from 25m to 14m. Sounds like lies were told to me.

    This company is a basket case -
    law suits coming out of its ass (which we hear nothing about),

    earnings (debt service capability) falling off a cliff,

    one financier in town gouging us with 15% compound interest,

    Cuadrilla not even going to start the Centrica drilling program until H2 2014 - over 1 year since the farm-in was agreed - what is going to positively drive the share price between now and then?

    Half-year guidance will show the dog underlying businesses continue to eat into this capital raise everyone is raving about - if you look at how they strip out "underlying" ebitda from reported operating profit they only get to a positive number by stripping out practically everything as "one-offs" - where have I heard that one before? Yes - every dog company in history trying to justify unprofitable business lines.

    Some people need to wake up and small the coffee here - nothing is going to drive AJL positively for at least 9 - 12 months - better to take some chips off the table and let it bleed lower.
 
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0.9¢
Change
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Mkt cap ! $12.38M
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0.8¢ 0.9¢ 0.8¢ $747 83.42K

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2 293854 0.8¢
 

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0.9¢ 876349 4
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
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