IBA iba health group limited

tricky annoucement

  1. 549 Posts.
    Don't you just love the positive spin companies put on their annoucements.

    This company has never made a red cent although they're always gunna.

    This time the "big turnaround" was because they sold off an arm of the business, but you need to read the annoucement carefully to see that.

    Their recent "update" claims a net profit after tax, but then we need to apply amorltization which makes it a loss even after flogging their UK business for what in reality was more than half the year's revenue.
    I'm Glad I sold when they peaked a few months back.
 
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