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6.1¢ aumake international limited

EBIT will be lower than there stated 10 - 12m, page-50

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rogerdat

3,746 Posts.

14

06/10/14

07:03

Post #: 14078647
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Originally posted by Baraka ↑

galba

anz sunk them several months after the initial problems were uncovered, after they had korda mentha go in and have a good look and realise problems were a lot lot worse.

that took 6 months and they did at least try to support them. fge we not even making postive ebitda and were a basket case - debt levels were a lot higher than many thought due to bank guarantee position.

ttn is a totally different case - issues are not related to a massive hole in a fixed priced contract that needs to be funded - ttn are just going to make less money and most likely can the dividend for the next year. disappointing but not life threatening.

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big bounce this week imo

AUG Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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