Providence Resources - Re: PVR Stream Log - Yes, Sequa showing negative shareholder...

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Re: PVR Stream Log
21:46 18/03/2016
Callasjunkie
0 replies 0 0

Yes, Sequa showing negative shareholder funds of $36m despite having capitalised $130m of what look like worthless goodwill, deferred tax and intangibles. Deferred tax is interesting, based on future income from Norwegian assets, when the relevant deal isnt even complete, never mind producing income. Congrats KPMG! Maybe TOR was never a believer but puffed the deal to keep the 'besotted' faithful.

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