LGL lynch group holdings limited
Add to My Watchlist 5.71% ! $1.65

Ann: FY24 results investor presentation, page-2

  1. Fatporka
    1,139 Posts.
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    21/08/24
    09:33
    Post #: 75297833
    'Cash' Profit for the year was $4.1 million. The company then added back "amortisation of acquired intangibles" for $5.1 million to reach an 'NPAT' of $9.2 million. Sneaky accounting to pump the numbers?

    The same accounting trick happened last year and SP has dropped from around $2.5 to $1.4, numbers not looking great overall (other then a decent dividend payout which does not look sustainable).
    LGL Price at posting: $1.39 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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