"Group net tangible assets at 31 December 2015 was $2.09 per share", according to an announcement back in Feb this year.
The outlook wasn't painted as particularly rosy and that profitability would be driven by their restructuring programme. No wonder the SP has languished and is now about 50% of their tangible assets! This company needs to be less inward looking and start chasing custom.
Year end results due on 25 August. Sellers are thin on the ground, so maybe, just maybe..........
CYG Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
