Ann: Impairment of Indonesian asset, mobil123.com, page-9

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Ozzyleb

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18/02/15

00:16

Post #: 14773069
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Originally posted by TheBigM ↑

Not a good sign. An 18% drop in earnings, and they didn't realise that until reporting time is up, almost 2 months after the end of period. That should have been evident much earlier so it raises questions of oversight.

And there was nothing specifically positive given, no light at the end of the tunnel, so it's not an easy fix in that they don't see a solution.

Growth companies like this are priced on expectations, not actualities. This damages expectations significantly, again. Wouldn't be surprised for it to fall further.

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I see you're point... This is only for the Indonesian site, which does affect the whole company.

I think it is an overreaction though. Yes their financials won't be great but as I said, long term...

ICQ Price at posting: $1.12 Sentiment: Hold Disclosure: Held
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Ann: Impairment of Indonesian asset, mobil123.com, page-9

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