Top member reports
Company Report
Last edited 5 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#1
Performance (86m)
19.5% pa
Followed by
2453
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#Bear Case
stale
Added 5 years ago

The AFR reporting that a Short seller Spruce Point Capital Management has launched an attack on Amcor, claiming it has 40-60 per cent downside risk

"The report claims the cigarette and plastics packaging manufacturer is obscuring significant financial strain that will place its dividend and BBB investment grade credit rating under risk.

The short seller alleges Amcor presents an inaccurate views of its cash position by obscuring rising overdrafts and restricted cash levels that offer signs of a "cash crunch".