ShareCafe Posted June 26, 2008 Share Posted June 26, 2008 Today's announcement, under the guise of updating shareholders on the considerable progress made in merging CTL and PVO should be taken as a profit downgrade and balance sheet alert! High debt, negative NPV, difficult conditions and possible asset sales, combined with a "previously advised" capital raising in 2009... looking rather like a bargepole job... Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2009 Share Posted February 3, 2009 Company: PROVENCO GROUP LIMITED Code: PVO Website http://www.provenco.com/ Link to comment Share on other sites More sharing options...
Lizard Posted August 3, 2009 Share Posted August 3, 2009 ... certainly has been a bargepole job! Now in receivership. Sad to see it go. Always hoped there might have been a turnaround story in it one day - plenty of revenue, but the margins and capital structure looked unhealthier with every report and left too late for any radical turnaround measures to succeed. Link to comment Share on other sites More sharing options...
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