Gee - half two cashflow is terrible if it will be $12m only . I don't really trust the P+L figures this co provides, after the issues that lead to restatements of the financials. Maybe the new CFO will be more on the ball? The cash has been extracted, and used to buy back shares. I'm surprised that shareholders don't want a stronger balance sheet with so much competition in their markets, and so little control of the input costs and forex.
I can't see much resilience in Asaleo, and some time it could take a hit and need to crap raise or worse. It nearly seems dressed up/down to require a white knight at some stage to me.
AHY Price at posting:
$1.45 Sentiment: Sell Disclosure: Held