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  1. Skiman4
    139 Posts.
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    22/02/19
    15:56
    Post #: 37534220
    I understand but the announcement reinforced their EBITDA forecast of $30-33m yet they are writing off almost all of the goodwill.  Wont that improve the measure of return on equity as equity will drop from about $220m to $70m with a write off of this size.

    From the last annual report:

    https://hotcopper.com.au/data/attachments/1447/1447971-e02f67de9834833ea544bc5dbfed234c.jpg

    PPG Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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