You do realise that if their profit margin improves (from negative) in the next half the impairment wont matter because they will just increase the Goodwill again. Both of these are non-cash items and dont count for squat, unless of course SGH is planning to sell Quindell back, in which case they do matter.
Most mining companies right now have had massive NPAT losses, The majority of losses are a result of the mine value dropping (non-cash). However the adjusted NPAT provides a completely different view.
SGH Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
