Supply@Me Capital – is sub scale loss making asset manager TradeFlow still over valued?
By Tom Winnifrith | Thursday 29 September 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I noted earlier that in today’s interims from the fraud Supply@ME Capital (SYME) there was, according to note 11, another impairment charge of £765,000 on TradeFlow goodwill to add to the previous £800,000 impairment charge at the year end making a total of £1,565,000. The remaining intangibles of TradeFlow are carried at £6,724,000 in the balance sheet but is this still too optimistic a number?
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