VAH dug a huge hole for themselves a number of years ago and they are struggling to get out of it.
Debt to equity ratio is 333.8%. In June of 2007 it was 113.8%
Net gearing is 208.7%. In June of 2007 it was 19.2%
NTA backing per share is 8c. In June of 2007 it was 67c
The current balance sheet looks sick.
I suspect they will need more shareholder funds by 30 June 17.
Last edited by B772; 4th Feb 2017 at 10:04.