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Ann: Preliminary Final Report, page-57

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146

31/08/22

17:36

Post #: 63441393
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Originally posted by mondyinvest: ↑

I didn't say that I'm afraid - the $2M purchase price vs $1M book value was just an example for people who don't understand what goodwill is and why it gets impaired. The rest of your post is stuff you've insinuated or imagined, not what I've said. Put it this way: after acquiring The Wine Depot Australia, DW8 have written off 50% of the goodwill thus far. How much will end up getting written off for the $22.6m (equivalent cash + shares) paid for Kaddy? Or the $5.2M paid for Parton? Are they really worth that much? Watch this space - although you may not find out until next year's 4E. It's just something to be wary of, with companies who try to grow via acquisition. Goodwill impairment is the sting in the tail, especially when you've assumed all the staff and associated expenses of those other businesses.

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Thanks for your response. Ill buy more tomorrow.

DW8 Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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