Business Services Industry
Computershare (CPU) $1.46.
Australasian Business Intelligence, March, 2003
Mar 17, 2003 (Your Money Weekly - ABIX via COMTEX)
Computershare, the Australian share registry company, is continuing to be affected by declines in corporate activity. The company recorded a 32.6 per cent decline in its EBITDA for the six months to December 2002, while its net profit result finished in the red. Until corporate activity and interest rates improve, it is hard to see a return to profitability by Computershare. Its cash at the end of the 2002-03
first-half stood at $A86.8 million, while its net debt rose from $A18.5 million at the end of the previous corresponding period to $A73.9 million. Those with shares in Computershare are advised to sell; other investors should avoid it.
Publication Date: 13 March 2003 ...
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