PRG 1.48% $1.03 prl global ltd

A Brief History of PRG -, page-39

  1. 10,634 Posts.
    lightbulb Created with Sketch. 2205
    It is up to the BOD to value their assets correctly not the market. If they can't sell the Skilled division today for what they paid for it then they should impair the goodwill amount so that the Skilled division is closer to a net realizable value - it ain't going to be exact but they should recognise that the asset value is now overstated as it's not earning anything like it once did so take the auditors advice and take the hit.
    Last edited by miningnut: 10/06/17
 
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