PDA

View Full Version : GNS- voluntary administration


gv1
25-09-2012, 01:03 PM
The Australian TASMANIAN woodchipper Gunns Ltd has entered voluntary administration after failing to secure funds to keep the company running
ratkin
25-09-2012, 02:02 PM
Another one bites the (saw)dust.
Pumice
25-09-2012, 10:50 PM
Oh well, a loss to offset some future capital gains.
How did I ever invest in this...
ratkin
26-09-2012, 05:00 AM
Oh well, a loss to offset some future capital gains.
How did I ever invest in this...

Seduced by a low p/e and an iinclination to be contrarian?
Pumice
26-09-2012, 10:43 AM
Seduced by a low p/e and an iinclination to be contrarian?

That and the NTA was showing about $0.90 per share.

Just a complete lack of due diligence.
A lesson learned, bought and paid for.