The March quarter update (released 1 May 2015) showed that CCV had EBIT of $14.2m. If we assume that June was the same we can say that the 2H15 EBIT was $28.4m.
So we should take away roughly $5m for interest (1H15 had interest expense as $4.6m), take away $23m for class action settlement and I give another $3m for CCV's legal fees. This gives us a NLBT of $2.6m or a $1.8m loss after tax.
Total for the year should be roughly a $7.3m loss.
If we attempt to "normalise" the result we should get:
Original loss: -7.3m
Add:
Contract termination: $29.6m
Class action: $26m
Tax effects: -$16.7m
Normalised result: $31.6m
DYOR
I have a buy sentiment but only if you have a very long investment horizon. I expect a lot of volatility in this stock.
What the total loss of FY15?, page-2
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Last
21.0¢ |
Change
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Mkt cap ! $131.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.3¢ | 20.5¢ | $143.6K | 684.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 384105 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 39970 | 3 |
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| Last trade - 12.52pm 29/07/2024 (20 minute delay) ? |
| CCV (ASX) Chart |