ISD 6.67% 9.8¢ isentia group limited

Ann: Isentia H1 FY19 Results and Strategy Presentation, page-14

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  1. 301 Posts.
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    I'm disappointed , they still have over 2 million of tax refunds on their balance sheet and writing down goodwill isn't great, I had a look at the notes and a lot of is related to loss of customer and computer software writedowns which they believe will impact future cashflow. 

    I guess there is some positives such as operating cashflow of over 8 million and over 2 million in tax refund along with copyright costs which appear to be a positive but the balance sheet is looking a little bit stretched and because of contingent liabilities they had to pay this meant debt didn't get reduced much. 

    I think we may may see a slight decline in share price today not good.
 
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