Not often you hear a company actually saying this - Shareholders should note that it is highly unlikely that there is any residual value in the company’s equity.
Wonder what sort of haircut he ANZ is going to have - as their bank manager said in a round about way 'the patch is rooted'.
The slow motion train crash .....not crashed yet but jeez it's been fascinating (and painful) watching over the years
Last edited by winner69; 21-10-2016 at 11:09 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Spose the buyer of those $1286 worth of shares at 10.00 this morning might feel a little aggrieved by the tardiness in patch supplying the bad news a few minutes later
But then again obviously not a Sharetrader who knew about patch being rooted
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Anyone silly enough to still be holding Pumpkin Patch gift vouchers would be well advised to use them this weekend.
Last edited by Beagle; 21-10-2016 at 12:02 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
A lot may depend on timing.
I would think they would be scared to order stock for "next season."[Maybe legal reasons.ie ordering stock you know you can't pay for].
Trading now until the end of January would give them the opportunity to sell existing stock,and incoming stock they are already committed to.
As a retailer they have huge ongoing lease commitments.Usually receivership is the only way to sort these out.Failure to sort out leases will lead very quickly to liquidation.
A lot may depend on timing.
I would think they would be scared to order stock for "next season."[Maybe legal reasons.ie ordering stock you know you can't pay for].
Trading now until the end of January would give them the opportunity to sell existing stock,and incoming stock they are already committed to.
As a retailer they have huge ongoing lease commitments.Usually receivership is the only way to sort these out.Failure to sort out leases will lead very quickly to liquidation.
As at July 31 those lease commitments are $91m - $31m due in the next 12 months
More stores in Australia - wonder how accommodating Aus landlords are?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by Roger
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