NewB
you are right about impacting other business , but this was included in market update and in EBIT adjustment. I think a asset write down unlikely at this stage given comment about number of tenders .
The key is to assess company on current market cap , assets and future prospects and revenue. I agree there may be some adjustment in Ebit , but even a EBiT of 6 m this year is ok as long as business can return to double digit EBIT next year .
Not without risks , but this is not a company under financial duress like some others in the services sector
AUG Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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