Cape Talk/ 702 Bruce Whitfield show last night talked about Aspen. Apparently selling of babymilk brand, with final approval pending in New Zealand. This would improve debt issues.
This has dragged on and the new debt is considerable and even with the sale aspen is significantly worse off. What is interesting I he share price recovery albeit at significantly lower volumes. I am considering exiting all my holdings as the increase in debt is my concern. Initially was satisfied thinking the lactation sale would reduce. But now willing to take the loss as the long term future is bleak with dilution on the cards. This is still a good company no doubt with good assets. The cash flow and debt worries me to have this in my long term portfolio.
Midas has provided guidance once which I ignored. But since the financials were disclosed. I am more concerned and contrary to the 10% gain today, it' is probably the radio show and speculation driving this.....
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