They will make a large profit as the book value of Aqura would have been far less than it was sold for. I cant be bothered looking it up but I reckon it would have had less than $10m of net assets and was sold for $29m before costs I think.
What will be disappointing is the profit on a like for like of the surveying business. It is a break even at best enterprise the way they run it. They cannot continue to ignor depreciation as surveying is capital intense for P&E and more so as they position themselves as a technology company managing data for clients.
I believe the long term strategy is going private.
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4.8¢ |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 260000 | 0.042 |
0 | 0 | 0.000 |
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0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.052 | 107000 | 2 |
0.058 | 100000 | 1 |
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