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FLC

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8.5¢ fluence corporation limited

Ann: Half Year Accounts, page-30

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clotski

2,070 Posts.

108

03/09/18

07:19

Post #: 35362835
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Originally posted by 5hareholder ↑

I don't know FLC intimately but I do have an interest in water companies. I saw the huge goodwill impairment (25% of market cap) and did a bit of digging.

Just a hunch, but over the past year the business units have been amalgamated into a single operating unit (p. 17) and I dare say the carrying value of the Israel, Italy/Other business units has been written down (p. 23) due to the adjustment in scope/scale of the organisation as the two companies were merged into one and it has become difficult to segregate value back to the RWL Water segments (p. 6).

It seems "believable", just not sure if its the whole truth of the tale.

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Yes that does seem believable.

However, we just don't know for sure. It would have been more useful if management could have added an explanatory note to the accounts, rather than leave it to us to try and work it out and, as usually happens, speculate.

FLC Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.5¢		Change -0.003(3.41%)		Mkt cap ! $91.88M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.5¢	$7.426K	86.07K

Buyers (Bids)

No.	Vol.	Price($)
1	12783	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	68975	1

View Market Depth

No.	Vol.	Price($)
1	12783	0.085
1	25000	0.083
2	130918	0.082
2	43100	0.081
5	204250	0.080

Price($)	Vol.	No.
0.087	68975	1
0.089	20000	1
0.092	22320	1
0.095	15000	1
0.096	8791	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

FLC (ASX) Chart

Ann: Half Year Accounts, page-30

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