NTA is not the only issue, can't find any reference to Utilization figures.
Could you imagine $400 million dollars worth of cranes coming up for resale.
They are already trying to dispose of 66, after that the average age of the fleet 8.9 years
Major overhauls are added to the carrying value of the cranes, and have to be done at 10 years and 5 years thereafter.
Definitely one to watch though. Cash-flow is king.
takeover target?, page-5
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