Checkout the Balance sheet of any listed company. Look for the item "Goodwill". This is the blue-sky amount over the asset value that they paid for something they acquired, like another company.
Usually, a year or so after the acquisition, the written down value of the acquired company goes down and the amount of "Goodwill" goes up as the accountants and auditors understand the real cash flow value of the acquisition.
Then after several years, once it's clear the acquired company won't deliver the benefits that management believed were there at the time of acquisition, the Goodwill is also reduced, as is the overall asset value of the main company.
Bad luck shareholders!
It doesn't always happen, but often does.
- Forums
- ASX - By Stock
- ABB
- Phil Britt interview with Switzer
Phil Britt interview with Switzer, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ABB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.81 |
Change
-0.100(2.56%) |
Mkt cap ! $1.126B |
Open | High | Low | Value | Volume |
$3.91 | $3.93 | $3.81 | $1.102M | 286.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4531 | $3.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.83 | 1099 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4531 | 3.810 |
3 | 13586 | 3.800 |
1 | 3060 | 3.790 |
4 | 7685 | 3.770 |
1 | 685 | 3.760 |
Price($) | Vol. | No. |
---|---|---|
3.830 | 1099 | 2 |
3.840 | 685 | 1 |
3.850 | 3745 | 2 |
3.860 | 3745 | 2 |
3.870 | 685 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
ABB (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online