Well, for what it's worth, I can only repeat what I've said in the past about "Assets" ..
The Value of those Assets, and here I refer primarily to Fixed, don't really benefit a shareholder until such time as a company is liquidated, or those Assets are producing a Revenue.
And wherever Revenue is generated, it is displayed in a company's Income Statement. And how much of it is left, after all deductions and expenses, appears in its Bottom Line. And it's from there, after any dividend, that it finds its way to the Balance Sheet, and either Adds to it, or Detracts from it.
So when we looked at LBTYK's Income Statement we saw very little in terms of how its Balance Sheet would benefit in terms of increasing its Retained Income.
So if the company's "Assets", i.e. the difference between its Total Assets and Total Liabilities are going to Decline due to a negative, or reduced, input to its Retained Income from its Bottom Line, then where is the incentive for informed investors to buy its stock ?
At the current time, LBTYK's share price has been moving in a sideways band, which usually indicates uncertainty in its stock from "the market". If its next Annual Revenue, and probably Net Income, are down, which it seems is likely, then current support levels are likely to be broken ... |
