This is not a developing business poker. Even if it was, intangibles still need to be impaired.
They have been reinventing themselves for 17 years and have now landed in a very competitive space.
You cannot ignore that.
Menulog has a completely different business model. Not relevant.
Clipp has missed the boat as far as being a generic pay-by-phone provider. They should have done that before the banks launched their apps.
Being flagged as non-core only means that there is no way up and that they are no longer prepared to support the business.
IPO. Yeah, right.
