Agree. As well not quite sure how quickly their plant and equipment depreciates if neither used nor needed. How much value does a $150k camper van lose per year for just standing outside in the rain and not earning money?
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They can't sell them and this has been a big issue in normal times, now badly exacerbated by a global recession that's already underway.
There's NTA and then there's net realisable value and I am with you guys, they're very different numbers.
Half priced campervan purchase this winter anyone ? I think they might be looking to shed some of their campervans...or maybe they'll be in hot demand from the Govt as quarantine facilities ? Who knows ?, flip a coin.
Cheaper than chips now....perhaps they will get taken over ...before they go bust....
Seems like such a long time ago I bought into this at between $4.87 and $6.02 ... proving the old adage that past performance is no guarantee of future perfromance, I had looked at the chart and was pleased to see that it had been in a steady uptrend for four years ... sold at $4.35.
Really feeling for all holders.
I haven't read this yet but here is an interview with the CEO with their expectation of zero revenue: https://www.newsroom.co.nz/2020/03/2...s-zero-revenue. I'm sure it will be grim reading.