I don't think that you are looking at the full picture here. The appendix contains a solid breakdown of the full impacts to PBT. The $7.4m reversal doesn't fall straight to the bottom line.
In any case, the acquired business met the TNE business case targets but failed to meet the sellers self-imposed targets in order to earn the earn-out. This should actually be seen as a great outcome for TNE as there would never be a set of circumstances where "nothing happens" scenario comes to fruition - either the earn-out is paid because targets are met (and we get drained of ~$7.4m in cash) or the earn out is not met and the accounting entries get reversed with nil cash impact - as has happened. I know which one I would prefer.
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I don't think that you are looking at the full picture here. The...
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Last
$16.37 |
Change
0.240(1.49%) |
Mkt cap ! $5.331B |
Open | High | Low | Value | Volume |
$16.12 | $16.39 | $16.12 | $5.934M | 363.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 921 | $16.35 |
Sellers (Offers)
Price($) | Vol. | No. |
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$16.37 | 330 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1248 | 16.320 |
3 | 2935 | 16.310 |
2 | 2542 | 16.300 |
1 | 3423 | 16.290 |
2 | 1543 | 16.280 |
Price($) | Vol. | No. |
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16.370 | 2 | 1 |
16.400 | 2935 | 5 |
16.410 | 1542 | 1 |
16.420 | 3423 | 1 |
16.430 | 20900 | 4 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$16.36 |
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Change
0.240 ( 1.68 %) |
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Open | High | Low | Volume | ||
$16.15 | $16.39 | $16.12 | 75639 | ||
Last updated 15.59pm 10/05/2024 ? |
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