IEL idp education limited

Ann: Market and Trading Update, page-62

  1. 540 Posts.
    lightbulb Created with Sketch. 17
    I struggle with this

    include contingent liabilities and payables and this business has working capital drag and is highly geared.

    then overlay the fact intangibles are the majority of market cap. Once the write down arguably comes due to failing CGU tests (pg 70 annual report), then raises

    thoughts?
 
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