I was a wink away from buying back in ... quick look at the books and I'm no expert, but theres a problem from what I see ... (or opportunity depending on your view)
NET ASSETS = $56M (from half yearly accs)
But if you look up at the GOODWILL line ... $96M
I think these guys are near the bottom, but looks like a bit of janitorial work is required on the balance sheet - MARKET CAP is ~$20M ... something's gotta change.
If they take it on the chin, which I think they will, could be good opportunity when the dust starts to clear.
Not owning 100% of the entities may make clearing things up difficult.
- Forums
- ASX - By Stock
- BLU
- came close to going back in
came close to going back in
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)