Its goodwill from the initial business combination; split between two cash generating units (5 mill to EGL pollution control and 4 mill to EGL Gas turbine). Goodwill + Assets = Projected CGU Recoverable Value (which is estimated by management).
Anyone know where the 2.4 mill of contingent liabilities come from? I had a quick read through two annual reports but couldn't find what I was looking for. Accounting seems very creative (M-Test points to manipulation) probably encouraged by 10%/15% PBT bonuses.
Effectively cutting costs and getting some of those margins back would lead to a happy ending turnaround story. Worth watching to see how badly sellers want out.
Its goodwill from the initial business combination; split...
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $133.1M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $201.6K | 753.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4200 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 33022 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| EGL (ASX) Chart |
