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45.0¢ mcpherson's limited

Impairment / strong forecast, page-5

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Cpago55

2,353 Posts.

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27/02/23

17:19

Post #: 66492420
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Originally posted by TheDe: ↑

How does MCP justify $90M of intangibles?

It has been loss making for a couple of years however is justifying $212M of assets on its balance sheet. Do you expect an impairment, particularly with the ASIC investigation which may result in the auditors taking a more conservative approach?

As there was no impairment at 30 June 2022, then can I assume a very strong forecast, i.e these first half results for FY23 will be very strong?

I think longer term the business will do well, there are acquisition opportunities in their space opening up, however just concerned about the balance sheet or short-term P&L hit? Not helped by the ASIC investigation.

Any thoughts?

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Spot on. Now for the embarassment and write off.

Doesnt impact cash as its intangible carrying value, so assuming divy is safe.

MCP Price at posting: 61.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 45.0¢		Change 0.000(0.00%)		Mkt cap ! $64.77M

Open	High	Low	Value	Volume
45.0¢	45.5¢	45.0¢	$38.34K	84.35K

Buyers (Bids)

No.	Vol.	Price($)
1	4665	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.0¢	39381	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.445
2	5000	0.440
1	49717	0.435
1	10000	0.430
2	32500	0.410

Price($)	Vol.	No.
0.460	4996	1
0.470	38209	3
0.480	4907	2
0.490	10000	2
0.500	7807	2

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 45.5¢			Change 0.000 ( 1.09 %)
Open	High		Low	Volume
45.5¢	45.5¢		45.5¢	4718
Last updated 15.34pm 07/06/2024 ?

MCP (ASX) Chart