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 01:23 AM.
Reason: add more
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