Out of laziness, I failed to look at Goodwill on the balance sheet before. There's only $19.6m of Goodwill in total.
This means there can only be, at most, 19.6m of Goodwill write-down, hence a minimum of $30m writedown on plant and equipment.
As such, the total PP&E will range from 304m to 324m, not including depreciation. There may be more write-downs to be had, but asset values well and truly cover market cap at this point... Almost a BOL scenario!
Worth pointing out the Samsung contract discrepancies may lead to a hit to earnings, but time will tell.
Ann: NRW Holdings Operating Update, page-15
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Last
$3.07 |
Change
0.010(0.33%) |
Mkt cap ! $1.390B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.09 | $3.05 | $1.429M | 465.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5066 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 10227 | 3 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |