Future For Strathfield Looks Bleak & Nobody Wants To Buy Them

X

The future of the Strathfield consumer electronic group looks bleak with their share trading a 0.1 cents and losses tipped to be over $1M in 2011.
The company that in 2010 lost $900,000, is struggling up against JB Hi Fi, Harvey Norman and carriers selling the latest Smartphones. The car radio and mobile-phone Company  is set to be de-listed from the ASX after diluting their shares to over 3 billion.

As of yesterday the Company was valued at $3.3 million dollars with little if any interest from parties interested in buying the struggling group. A Company executive said yesterday that “the board wishes to point out that no acquisition or merger opportunities have yet been identified or negotiated”.
 
The application to de-list Strathfield was buried towards the end of another “further company update” announcement at the end of a paragraph beginning, “On a positive note”.

One division that was making money, its equipment-leasing business is set to be closed down after the Companies financiers said that they could no longer support the operation. 

The group said yesterday it expects to report a $2.12 million profit for the closed leasing division this financial year, which is less than it made in the first half. That could get worse if there are any asset write-downs or other adjustments before audited accounts emerge.

ELX DIG Crosscat Promo 728x90 Mar25 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
AU X8 Banner 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Flick of a switch 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Hisense KV BannerAd 728 90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
BlueAnt 4SQM PumpAirUltra 728x90px Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
HAIER Series 600 FLW HPD Pairs 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
GOTHAM 728px x 90px Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
728 x 90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
FA 979 HN MDF SG14 14gen 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Westan 728x90px Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Arlo EOFY25 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
JBL TourPro3 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
241211 SAV Ruark CNewsJan Leader Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Skullcandy 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Marshall 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
ChannelNews AZ100 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
728X90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Uniden Channelnews SoloX July 2024 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
BEL2535 BPB024 4SQ Banners 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
MaxRanger4K Leaderboard 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
Px7 S3 728x90 1 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them
hitachi banner 728x90 Future For Strathfield Looks Bleak & Nobody Wants To Buy Them


YOU MAY ALSO LIKE