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PVO, PROVENCO GROUP LIMITED
Lizard
post Posted: Aug 3 2009, 01:42 PM
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In Reply To: Lizard's post @ Jun 26 2008, 02:01 PM

... 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.

 
ShareScene.com
post Posted: Feb 3 2009, 10:00 AM
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Company:
PROVENCO GROUP LIMITED

Code:
PVO

Website
http://www.provenco.com/


 
Lizard
post Posted: Jun 26 2008, 02:01 PM
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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...

 
 



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