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Thread: speirs group

  1. #21
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,213

  2. #22
    Member
    Join Date
    Aug 2015
    Posts
    388

    Default

    Not again..

  3. #23
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,213

  4. #24
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,881

    Default


    Revenue down, but each of the three expense classes all have markedly increased over the preceding Dec half (p6)

    and outside the C-19 lockdown periods as well

    Looks like they haven't got a very good handle on costs in relation to product going through IMO

    Now in times of considerable extra liquidity & Ca$h in the system in latest Dec 2020 period
    has something further gone badly awry in the majority owned LP ?

    Should be no shortage of Consumer bucks out there

    Or a squeeze coming from one or both of these -

    'The Group receives Trading Income from two customers who account for 97% of total Segment Revenue.'

    Perhaps the reciprients of the following 9% jobs should agree to forgo any payments or refund what they have received:

    "Dividends Paid on Perpetual Preference Shares"

    What income is coming off these - as cant see any being reported:

    "Investment in Equipment, Leasing & Finance Holdings Limited Ordinary Shares

    Investment in Equipment, Leasing & Finance Holdings Limited Preference Shares"


    Let's see now - basically Family controlled - evidence of White Elephants remains on the books
    not generating ..

    What is operating, doesn't seem to be very well even under partial minority ownership, while the
    9% Preference holders continue to suck the coffers dry .. and Board continues smiling sweetly
    dreaming on while this persists ..

    Not difficult to see why Active were on the Share Register sniffing around in the past, before giving up ..
    Last edited by nztx; 31-01-2021 at 12:23 AM. Reason: add more

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