GFY 0.00% 33.3¢ godfreys group limited

Predictable, page-6

  1. GC8
    1,890 Posts.
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    Yep they do and they had $190m in 2015.......so yes something that could be a "turnaround" situation. However, the balance sheet is pretty weak with assets largely comprising intangibles and inventory which may be subject to further write-offs and or obsolescence. Also the debt position is heavily reliant on a 97 yr old major shareholder for support so that may pose some problems going forward or in terms of refinancing.
 
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Currently unlisted public company.

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