more positives than negatives, page-4

Market cap has NOTHING to do with shareholders equity, and so does not affect debt/equity levels. If taking on a debt 0f $900m with NPAT of $120m, I would rather pay $100m market cap at 15c (for whole co), than $400m at 80c. If you bought entire company at these levels, it would take you 13 years to pay this off assuming that interest paid on loans cancels out any interest paid on loans (very plausable).

Equity refers to the assets that a business has, not SP x no of shares!

As I pointed out in previous posts months ago, this was a fantastic spec buy and has proved to be right, but there is beter value now elsewhere!

OVERbought!