bacchus, perhaps you are intoxicated.
total assets of $724million
total liabilities of $537million
add: US convertible bond case damages likely $230 million (US)
ergo, total liabilities exceed assets. how does this make them out of the woods?
dont think it would sit well with the market if they went back for a second capital raising within 12 months .....
add to this the US/AUD exchange rate, supressed outlook for gaming machines as operators continue to be cautious in terms of capital spending and new venue openings, and a turnaround strategy that will take at least 18 months to deliver shareholder value.
and its trading at a pe >20x. cmon. less than $3.30 by march
bacchus, perhaps you are intoxicated.total assets of...
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