CLG 0.00% 20.0¢ close the loop ltd.

Ann: Annual Report to shareholders, page-71

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 467 Posts.
    lightbulb Created with Sketch. 36
    They're writing it down every year! They wrote down almost $15M this year. It's goodwill from business relationships that they're required to write down. Yes it affects the income statement, but it doesn't affect the cash that is coming into the business. It does not affect the business' profitability in the end. What do you mean brought undone? I really don't understand your perspective as you have stated it. They're basically writing down what they paid for ISP tek above the value of its tangible assets, and they will have to do so each year for the next 5-10 years. Then the intangibles will be off their books.
 
watchlist Created with Sketch. Add CLG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.