Originally Posted by
SHVC
Deano is all quiet on this, he must be in shock at their loss.
Just an accounting loss
Remember years back QF had a $1.5 billion (or something like that) when they wrote down a number of assets probably why they pay no company tax....
It's hard to quantify where they are exactly with their dealing with PAG along with the Cobham investment
Quote
This loss includes a negative impact of A$23M related to mark-to-market valuation of the Convertible Note and Warrant facility entered into with PAG in 2020. This loss is not cash in nature and was brought about by the increase in value of Rex shares. Operating loss after tax for the period was A$1.9M but cash in bank almost doubled compared to the prior period
End quote
I can't see anything too worrying in their results thus far