Wow - that is one heck of an adjustment! EBITDA going from +$17m to +3m and now to negative $17m all in the space of a couple of months. It will take quite some effort to untangle the FY16 accounts when they are released and try to work out exactly what is going on with this company. The market will smash the stock when it opens.
The only saving grace - they have no debt and so no banker to worry about.
Ann: Company Update-SRF.AX, page-3
-
- There are more pages in this discussion • 168 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
