Smallbear,
Note 14 of the AR breaks down sale of BWM into 18.2m assets (inc goodwill) and 10.4m liabilities roughly matching the cash received of 7.5m. I suspect (although I can't be certain) that some liabilites were paid with the cash. A 10m loss in a few months would be alarming!
I struggled to find info on remaining deferred consideration but believe this to be small with the sale of BWM. Targets are also probably too high making paying them a remote possibility. My guess is dividends in a few years. Cash may be better used pursuing acquisitions although hopefully they are more disciplined than previous management
sunny side up?, page-5
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