They gave a nice presentation when they initially acquired the Trials West business, however I was shocked to see that in the AR the 8 million they paid for it (4 mil deferred) is 90% goodwill!
There are literally no assets in this purchase except for the brand/IP. I'm assuming the staff are key to ensuring this business keeps revenue increasing, however key staff have only agreed to be there for 3 years (coincidentally to build revenue up to trigger the milestone 4 mil payout).
Can anyone who is of an accounting mind give us any insights into whether they massively overpaid for this purchase?
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They gave a nice presentation when they initially acquired the...
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Last
6.4¢ |
Change
0.012(23.1%) |
Mkt cap ! $28.60M |
Open | High | Low | Value | Volume |
5.5¢ | 6.5¢ | 5.5¢ | $58.48K | 971.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.4¢ | 140246 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.062 |
1 | 100000 | 0.058 |
1 | 200000 | 0.057 |
1 | 100000 | 0.056 |
1 | 103464 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 140246 | 1 |
0.068 | 100000 | 1 |
0.069 | 65000 | 1 |
0.070 | 275189 | 3 |
0.076 | 100000 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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