$4m. Good luck with that. Clipp has been going for a while and...

$4m. Good luck with that.

Clipp has been going for a while and I'm guessing that revenues have risen however, it would appear to me that it is a "labour intensive" product. Restaurateurs need a lot of mollycoddling.

Reading between the lines, I think that the Clipp divestment announcement was a last minute decision. The rest of the text speaks glowingly of Clipp moving forward following a review of ops.

The board were obviously of the opinion that they had better put out a decent NPAT figure. Personally, I would have thought that putting the pen through the intangibles would have been a better decision. Get it out there, blame Chris and remove uncertainty given that they are focussing on only one segment moving forward. On that basis, any future DCB profits would have been cream. This way, future impairments will just sour the M Marketing results.

That is why they need to "refresh" the board. They keep churning up same old same old and it doesn't sit well with many in the market.