Blommer, read the latest FY17 half year results. The numbers he mentioned were EBITDA numbers from that report that he then turned into NPAT (although he mistakenly said NPBT) by doubling the half year EBITDA and removing 30% for tax.
Don't have a huge amount of time to explain liquidation right now. I discounted something like the following:
Current assets
Cash - 0% discount
Trade receivables - 10%
Personal loan receivables - 80%
Inventories - 50%
Prepayment - 90%
Current tax receivable - 0%
Non- current
Trade receivables- 20%
Plant & equip - 75%
Tax assets - 100%
Investments - 10%
Blommer, read the latest FY17 half year results. The numbers he...
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