The thing that made me jump ship was a previous post stating that ASW have 231 clients, if you compare that to the last Annual Report where it is stated that they have 10 customers that account for 38% of their income, it made me nervous!
It seems to me that it is a lot of work to service the other 221 clients for an average of around $1,500 each per month in income. Other than a few big customers you can pick out straight away from the list provided on a previous post, what companies of note do ASW have on their books?
If any of those 10 customers walk then what happens?
It would be interesting to know what customers they have lost over the past few years.
Just my opinions after carefully considering when to sell - I'd be happy if anyone has comments of their own around this.
DYOR
ASW Price at posting:
90.0¢ Sentiment: None Disclosure: Not Held
