i have just spent the last 2 days probably 20 hours in total researching this companies reports , presentations brokers notes and financials .
How the hell is this company under 50c ?????
how the hell is this only 7c a share
its revenue is approx 700m its debt is smaller compared to asset value
it can cover its debt repayments with revenue easily...it has a portfolio of assets that if closed tomorrow it would totally cripple the country.The assets are country essential !!!!
last year it gave a div of 13c per share !!!!!
obviously it wont do that this year due to its parent companies woes but with that it will pay down debt instead so capital appreciation will occur.
these are rediculous times we live in
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