How does MCP justify $90M of intangibles?
It has been loss making for a couple of years however is justifying $212M of assets on its balance sheet. Do you expect an impairment, particularly with the ASIC investigation which may result in the auditors taking a more conservative approach?
As there was no impairment at 30 June 2022, then can I assume a very strong forecast, i.e these first half results for FY23 will be very strong?
I think longer term the business will do well, there are acquisition opportunities in their space opening up, however just concerned about the balance sheet or short-term P&L hit? Not helped by the ASIC investigation.
Any thoughts?
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