Australia's largest stock trading and investment forum Australia's #1 stock forum

OMN

Click for more information

1.74%

87.5¢ onemarket limited

Concept stock orphan, page-80

First 80 Last

Share
Profile

Follow
vagabond84

296 Posts.

25

19/07/18

16:28

Post #: 34455600
Share

Originally posted by andy777 ↑

The accounts around allocated capital are very rubbery and it seems Westfield has done everything they can to maximise the accounting loss - Steven Lowy basically confirmed this in the analyst briefing. Some of the losses are not a true reflection on the sunk value - in my opinion. I make it out to be about 100 million USD of useful spending plus the 160 million USD starting capital. Admittedly the 100 million already spent is a guess on my part. Looking at acquisitions, staffing costs to build products useful to OMN etc I arrive at this very blunt figure. Certainly the headline figure seems too much and my suspicion is that some products have been developed or worked on in the old Westfield Labs that have been cut or not applicable to OMN.

Expand

Fair point. $350M AUD invested to date is still a substantial figure, of course. Very good chance indeed that the $100m market cap may not fully reflect spending to date.

OMN Price at posting: 99.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 14 more messages in this thread...

First 80 Last

Add OMN (ASX) to my watchlist