APT 2.27% $22.81 afterpay touch group limited

Originally posted by nbbirchNo I did read the financial...

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    I said the Australian operations. Not the group.

    You also count the $16.4m in non-cash expenses and $10m in Touchcorp amortisation. I don't.

    How can you devalue a company so much due to non-cash expenses? They are almost irrelevant when valuing businesses. Businesses are worth the sum of their future cash-flows. 

    So again, you value the Australian operations, which made around $30m profit, at only $1.2B?

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