JLG 2.68% $5.80 johns lyng group limited

IPO - Johns Lyng Group Limited, page-25

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    lightbulb Created with Sketch. 182
    in the prospectus(http://investors.johnslyng.com.au/DownloadFile.axd?file=/Report/ComNews/20171024/01911882.pdf)   on page 112 you will see the statutory (ie. pre ipo ) balance sheet and the pro-forma (ie. post ipo) balance sheet.   net equity goes from   negative $14mil to positive $28.4mil   .   And the balance sheet is not complicated. it is mainly current assets and liabilties. ie. easily quantified.   

    Not sure how the ipo created a $2.4mil deferred tax asset too!

    That Scott Didier is one smart salesmen to get people to pay off his debts in this way!
 
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