A disasterous downgrade no doubt, but two points are -
1/ If the company already made a $60 million NPAT in the first half of the FY2010, how can that translate to a possible $20 million full year NPAT ?
2/ Current market cap $685 million, current cash in the bank - $800 million.
Lets hope the $800 million isnt sitting in a Greek or Spanish bank !!
- Forums
- ASX - By Stock
- trading less than cash backing
A disasterous downgrade no doubt, but two points are - 1/ If the...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)