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2.80% 55.0¢ argent biopharma limited

Analysis of MXC when compared to CPH, page-6

  1. Sparkz918
    1,049 Posts.
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    05/10/18
    11:12
    Post #: 36009544
    I am just speaking the fact (financial statement), no negativity here.


    Looking into the balance sheet of CPH, they have put 0.89 million as intangible asset


    MXC has put 7.02 millions as intangible asset, there is a 7.8 times difference


    I am not too sure whether you am familiar with the AASB accounting standard, but valuation of intangible is extremely difficult ( and subjective). Hence, they are generally not capitalize on the balance sheet. 


    AIMO DYOR

    MXC Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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