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Ann: Market Update - Sale of Garage Entertainment, page-2

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  1. mickeebee
    1,130 Posts.
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    19/04/17
    11:04
    Post #: 24135930
    SurfStitch Group recognised a $12.9m impairment for Garage Entertainment in its full year FY16 results, representing full write-down of goodwill.

    statement says it all. books completely overcooked IMHO. Wonder who determined the historic "fair value" of investments? with company continuing to make losses, how ugly will the next results be...

    this is a heavy loss making machine.

    ouch.
    SRF Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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