Thanks Markie. We need soundly-based pessimists. I think your capex figures are probably right, but a business is more than its machines. I note the eye-watering goodwill numbers sitting on the books, and insufficient profits to hack it down.
I see 1.39 as the current demonstrated low. It could go lower - maybe not to your dour 80c. Current dividend yield is 6.8% unfranked. If this is maintained, the SP is unlikely to dip much more. If pruned hard... who knows.
GLTA
Ash
AHY Price at posting:
$1.39 Sentiment: Hold Disclosure: Held
