GREY:LSTMF - Post by User
Comment by
bushhog1on Jul 04, 2016 11:32pm
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Post# 25021924
RE:RE:LTS losses since 2013
RE:RE:LTS losses since 2013The numbers I have stated is from LTS' Financial Statements.
I repeat
From Q4 2013 to now LTS Shareholders 'Equity was wiped out by $1,457Mln.
I was not talking about what Assets they sold or buy or profits and losses they made, I was
talking about what Shareholders are worth at the beginning and end of this period.
( Q4 2013 - Q1 2016)
If LTS did not had to revalue their Assets downwards by $1,600M, because of fallen oil prices,
their Equity valuation might have been about the same as Q4 2013
With oil prices going up, LTS will rewrite their Assets back up.
Yes I do do my due deligence and strongly advice you do the same.