Looks like some reasonably clever financial engineering going on.
Board knows the HY results are shite, and margin improvement is unlikely in the future. So take one massive whack with the $34M impairment of goodwill (100% of the goodwill in their accounts).
Future years will then have ZERO amortisation charge.
The AGM preso has amortisation at $3.8M, $3.2M and $2.8M for the next 3 years, instantly this becomes ZERO and the rest of this FY, and future FY's suddenly look millions of dollars better off with the same crap operating margin.
Looks like some reasonably clever financial engineering going...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26739 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 98511 | 1 |
View Market Depth
| Last trade - 10.09am 20/08/2024 (20 minute delay) ? |
| VRS (ASX) Chart |
Day chart unavailable