Post by
trader35 on Mar 24, 2015 7:51pm
Yr End Earnings
https://www.armtec.com/news-article/armtec-reports-financial-results-for-the-fourth-quarter-and-full-year-2014/
Surprise Surprise
Armtec reviewed the carrying value of its assets as required under International Financial Reporting Standards and as a result recorded a non-cash impairment charge of approximately $46.9 million in the fourth quarter.
Comment by
Electrospiro on Mar 24, 2015 9:36pm
Results don't look that bad, better than company with 0.5 mil market capital 'longer-term market fundamentals and Armtec's uniqueness in terms of scale and capabilities remain favourable'
Comment by
2Greying on Mar 24, 2015 9:38pm
Wow $3.60 loss per share! Gross margin down 3.1% Loss with impairment $86 million. How can you survive with a 15% gross margin....who prices this stuff????? Revenues ok but selling concrete products with only a 15% margin is stupid. Reduce revenue if necessary and increase margin otherwise just giving your stuff away! Management has no idea what they are doing!!!
Comment by
llennn on Mar 24, 2015 10:28pm
Haha you were almost correct, but it's Blop Corn
Comment by
HRc60to65 on Mar 25, 2015 7:24am
When ARF paids almost 5M$ in fee to get loans warranty and other fee to Brookfield, that cut your margin.