I see your point here . with 2.5c per share pa . the remaining business alone should earn $4.25m pa even x pe 5 makes it worth $20m without the cash. so why did they write off most of the acquisition cost . they spent i think $28m on it about 3 years ago and have written it down to $5.8m. Why such a huge write down. My only conclusion is there is something they have not told us yet and we will see it in the full year, thats why I also sold before ex on the last dividend
PTL Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
