GTP great southern limited

Should the lunatics,spivs,dopes and desperates manage to win...

  1. 512 Posts.
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    Should the lunatics,spivs,dopes and desperates manage to win this battle and we are all left with shares,it would be interesting to know just what is the future earnings potential for our shares in GTP. Currently the market cap is approx. $100m and interest bearing depts total a massive $750m.A nice starting point and we should thank the current management for getting the share price down from a peak of $5 to 28c.Seems that 'success' like this needs further rewarding,at least, in there minds.
    But just what is the on-going business model? Has anyone been told? All MIS is finished except for trees.So where is any growth in revenue coming from? Many,maybe most, of the financial planners/accountants will not support GTP products and you would have to be a very stupid investor to support another GTP fiasco,no matter what your tax problem is.
    But,I look at the 'independent' report from Austock (how much were they paid again?) and Macquarie (are they the advisors?)and they project sales for 2009 at $492m and $340.1m respectively.Actual sales for 2007 were $452.3m.I do think the GTP model is permantently broken and this exercise is clearly just a possible solution to a solvency issue.If not, then the management should provide an explanation on earning projections/model. It ain't gonna happen. Vote NO.
 
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Currently unlisted public company.

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