SXL 0.76% 66.5¢ southern cross media group limited

SXL has around $945m of intangibles (or double its net...

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    SXL has around $945m of intangibles (or double its net assets).
    In my opinion there is a very high risk of these intangibles being written down in the near future at the insistence of the auditors. Their carrying value will not be able to be supported by future forecast revenue and profit.

    Watch this space.
 
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