look, i have been pouring over the appendix4e- lots of potential but no they dont tell us everything -looks like the two small sports businesses (one gives sports scores) are having trouble to get buyers but they would only be worth small amounts one would think- whether there is some potential hiccups with the nz sale and merger one wonders cos the share price has dropped ever since it was announced
there is some good things, like when u look at the discontinued profit report, it does not include nz of which they will own 45% of a much bigger business -it has also been classified as "for sale" and whether it will be saleable -but looking at figures they should be able to get what its in books for cos even after so called slowdown it still made 2.5 m odd for half year from memory -i did take notes but dont have them near me at present. More rollouts of major digital screens in oz which are making good money is occurring -and the sports business is a big bet but may pay off well
valuation of cash generating units -perhaps the biggest concern is here as fairly aggressive but the discount rate of 10.5% after tax is not aggressive in this low interest rate environment!!
QMS Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
