WPP AUNZ Limited (ASX:WPP) expects its earnings before interest and tax for six months ended 30 June 2020 in between A$10 million to A$14 million. The result, however, is subjected to audit and might change due to several factors.
Non-cash impairment of intangible assets is expected to range from A$150 million to A$190 million.
As at 30 June 2020, net debt along with earnouts was around $140 million and the leverage ratio is likely to be ~ 1.7x.
Penny stocks have been known to attract investors who are looking for explosive gains and it is possible to get lucky with these typically speculative investments. Just as the name suggests, penny stocks trade at low prices and are common shares of small public companies.
Get an exclusive insight into the features of penny stocks along with their pros and cons. Read about what you should be wary about when figuring out ways to invest in them, so that the possibility for big rewards does not tend to outweigh the risks.