Australia's largest stock trading and investment forum Australia's #1 stock forum

CI1

Click for more information

0.00%

11.0¢ credit intelligence ltd

Ann: CI1 - Profit Warning, page-30

First 30 Last

Share
Profile

Follow
kipper57

6,356 Posts.

575

14/07/22

10:56

Post #: 62530978
Share

Originally posted by oNste: ↑

Might be a good time to go and have a browse at what happened to Slater and Gordon when they had a goodwill impairment a few years ago, in the case of CI1, it's an impairment to the tune of half their MCAP, and I appreciate that MCAP is only a value gauge of the market, but the write down that SGH did, technically shouldn't have rocked them so hard, but market reactions can and do crater otherwise solid businesses.

Also, you have to consider what an impairment indicates of management, that their DD process was flawed, and did not pick up on such an issue. Especially given goodwill, where valuations are nebulous at the very best of times.

Expand

Market cap is a pretty useless tool, some years back hardly ever got a mention and PE was more the calculator. Its just an easier tool for the new onboards to the market but really a very poor tool to use. What does times the price of a stock against the outstanding shares, exactly dilly squat

CI1 Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 72 more messages in this thread...

First 30 Last

Add CI1 (ASX) to my watchlist