PEN
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4.40% 9.5¢ peninsula energy limited

A $5,758,000 inventory write-down and a $39,049,000 asset...

  1. slick239
    561 Posts.
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    21/03/17
    15:59
    Post #: 23516415
    A $5,758,000 inventory write-down and a $39,049,000 asset impairment charge? Looks like "big bath" earnings management. Will be interesting to see if the auditors sign off on this. The disclosures on these write-downs are woefully inadequate, IMO.
    PEN Price at posting: 54.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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