GREY:LSTMF - Post by User
Post by
bushhog1on Jul 04, 2016 7:56am
240 Views
Post# 25018869
LTS losses since 2013
LTS losses since 2013 2013 Shareholders ' Equity was $1,932Mln
2016 Shareholders 'Equity currently is $ 475Mln
Losses $1,457Mln
During this period LTS revalued their Assets down by $1,600Mln because of fallen oil prices.
This $1,600 Mln writeoff accounted for their losses.
LTS still has these Assets, and will be writing up back these values as oil prices reverse upwards.
This Company strongly preaches about preserving their capital and will not
sell off at fire sale prices.
Only my opinion.
.