Seven months after it floated, Ventia Services’ balance sheet is worrying some analysts, with one describing the company’s negative working capital position as “highly irregular”.
CLSA analyst Richard Amland has raised several concerns about Ventia’s financial books after initiating coverage on the company with an “underperform” recommendation and a $2.45 per share 12-month price target.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
