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21:57
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Originally posted by oldtimer2:
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Back in Feb 2018 it looked cheap relative to its peers at 29c and I could envision integrating Linear would allow for huge synergies. To a degree that has proved correct, but obviously there have been issues that I did not allow for. Looking at it afresh today, its capitalised below $30m, has no debt, has expensed rather than capitalised software this year, will pay no income tax for a while, just the depreciation charge will suppress after tax reported, but cash flow will be greater than this.
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Trouble when investments get down 66% the return required just to breakeven is 200% !
