PRO prophecy international holdings limited

First things first, I'm not an accountant so my understanding is...

  1. 360 Posts.
    First things first, I'm not an accountant so my understanding is not great.

    In this situation it looks to be partial write off of intellectual property. I believe the intellectual property (which is an intangible asset) increased significantly (page 32 of report) due to the emite acquisition. Therefore this will get written off over time. It will always be a non-cash item.

    It should always be considered that without development, intellectual property will become worthless over time due to better things being developed. In this situation I am comfortable because it was associated with an acquisition that looks fairly priced and should do the company well over time.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
40.0¢
Change
0.000(0.00%)
Mkt cap ! $29.49M
Open High Low Value Volume
40.0¢ 40.0¢ 40.0¢ $13.77K 34.44K

Buyers (Bids)

No. Vol. Price($)
1 18253 35.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 27466 2
View Market Depth
Last trade - 11.33am 01/08/2025 (20 minute delay) ?
PRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.