Whilst I do like the company, I'm really struggling with these financial statements, if someone can help with the following, it would be much appreciated:
1. I struggle to see how you can write off goodwill only two months after raising money and coming out with a market sensitive announcement around contract wins. Add to this, the contingent consideration (remains on the balance sheet) with mgt saying they still believe they will meet their $1.9m NPAT.
To make this worse, if they have written off goodwill, they won't make the incentive profit of $1.9m therefore the $300k should have been reversed. I should also add that the shareholders agreement specifically states Audited Net Profit After Tax - before anyone suggests that it's a normalised amount
2. They mention they will pay out 80% of profits however if they have written off goodwill, there won't be any profits, add to that there are no retained profits so I can't see how they can pay a dividend this year.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $990.4K |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1K | 200K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 1616046 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 221496 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1616046 | 0.004 |
1 | 1000000 | 0.003 |
1 | 2598504 | 0.002 |
3 | 3600999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 221496 | 1 |
0.006 | 84541 | 1 |
0.007 | 450000 | 2 |
0.008 | 2000000 | 1 |
0.009 | 3419744 | 2 |
Last trade - 12.34pm 18/06/2025 (20 minute delay) ? |
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