Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is always worth looking at the small print, the notes at the back of an annual report. The following gem appears in the (unaudited) interim statement prepared by APR Energy’s (APR) auditors, Deloitte, stating that:
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Comments
Phil
Lucian – off subject – AVN
If you ever want to see the uncensored results of a brain storming session to say anything except the p word (profit) and cb (cash burn) then you could do no better than to read the AVN Y/E results issued this morning.
That is a chuck the lot in if ever I saw one, that AVN cannot sell enough bandwidth to create any kind of margin in the developed world but can do it in Africa is just laughable.
Pass the hat around and be generous, AVN will be needing it