Having a quick look through the last few years balance sheet good will on the balance sheet has increased from $10m odd in 2007 to $240 million in 2010. This has been through acquisitions.
The consequence of this (in addition to a dilutive capital raising) has seen ROE decline from 16% to 7%. A totally unacceptable situation (ROE is nearly the same as a interest on a term deposit).
Unless PRG can rapidly restore margins, i foresee a 'restructuring' comming, especially if there is a new CEO. A large hit to the future P&L will occur to write down goodwill and for 'other' restructuring charges.
potential write down on goodwill comming
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.22 |
Change
0.000(0.00%) |
Mkt cap ! $141.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8771 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 4 | 1 |
View Market Depth
| Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
| PRG (ASX) Chart |
Day chart unavailable