True, but don't forget its only a paper loss, ie it reduced reported profits, but its not money leaving the company, so usually it means that their real assets such as cash, or investments will go up as this goes down ( assuming they are not making "real" losses as well).
The write off of goodwill is still a negative however and its worth thinking about.....certainly means it will take longer to pay a dividend as this can only be paid from reported profits.
Although I note that at the AGM the chairman stated that they planned to make the network larger, improve the value to franchise network and "increase shareholder value by way of a dividend."
The other thing I like about Jet is the confidence that the major shareholder seems to have. They have purchased something like 60% of the shares at 25c / share. They seem very confident that this company has something to offer and it means its very tightly held and can move quick if thngs improve.
D
HWT
harvey world travel group limited
