SKE 0.00% $1.64 skilled group limited

May I suggest that some time is spent reading SKE's 2014 Annual...

  1. 317 Posts.
    lightbulb Created with Sketch. 51
    May I suggest that some time is spent reading SKE's 2014 Annual Report.
    Total Assets are $873.099 Millions.
    LESS Intangible Assets $ 472.007 Millions
    LESS Liabilities $394.302 Millions of which term borrowings were shown as $172.924 Millions.
    NET TANGIBLE ASSETS $6.790 millions.
    By 31 December 2014 the figures are shown as follows:
    Total Assets $941 Millions
    Less Intangibles $488 Millions
    Less Liabilities $459 Millions ( of which term debt is $229 Millions)
    NET TANGIBLE ASSETS (negative $6.767 millions).

    I didn't know that Intangible assets as some contributors suggest somehow can be termed as tangible.
    Reading other contributors comments makes me amazed at saying PRG should pay $1.50 plus per SKE share- for what.
    A negative NTA and a big debt.
    SKE needs to convince the market that their intangibles ($488 Millions) have real value and that this value could be realised easily.
 
watchlist Created with Sketch. Add SKE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.