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$1.41 asaleo care limited

When to Catch a Falling knife, page-30

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gold1650

1,326 Posts.

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26/07/18

20:31

Post #: 34583272
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Originally posted by Van Burgen ↑

The risk with the company is that it has $190m of intangibles on its balance sheet.

Based on the profit downgrade, they will have to write some of this off (as impairment) and this will have a major impact on NPAT and also on the debt ratio.

50% of their borrowing are due in June 2019, they will surely have to pay significantly more to refinance / extend the term.

I doubt there will be a bounceback until Half year results are released, and then market will react to what is in it.

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Sell off well and truly overdone, picked up another rather large parcel @71c this arvo. Full to the gunnels now, will have to sit back & watch now!

AHY Price at posting: 71.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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