All of the bulltwang that may or may not happen aside though, it is attractive on the basis that the writedowns are in the prior period. -- ERG trade data forum

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Date Posted: 23:55:11 03/03/03 Mon
Author: Name: Wonder Woman
Subject: All of the bulltwang that may or may not happen aside though, it is attractive on the basis that the writedowns are in the prior period.

Name: brenton
Location: adelaide, sa Australia
Date: 3/4/03 4:58:35 PM
Subject: erg
Comments:
Would WonderWoman give me her opinion regarding the competence of Erg's management team... and in particular the CEO
Thank you for using the forum, Wonder Woman
Your entry has now been added to the forum as follows...

Name: Wonder Woman
Location: Sydney, NSW Australia
Date: Tuesday, March 4, 2003 at 6:49:05 PM
Subject: Hi ERG's financials expected March 6th.
Comments:

Hi Brenton, for brevity, the writedowns occurred in the prior financial period, which is the 30/6/2001 to the 30/6/2002 as reported on the 12/9 audited the 1/10.
A number of improvements post June 30th 2002--progressively better March 2003 view on fundamentals in estimation. It will report the period 30/6/2002 to the 31/12/2002.
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The above is a view, stronger 2nd half as many projects such as Sydney ramp up, thats on the installations side, then you have the longer term recurring revenues from the systems once they are installed, ie the multi application and interopereable aspects of the card, much of that side is linked to things in past accounts that have been written down and can be recovered.
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Equity accounting side, anything is possible there, re PCL 47.1%, Delloite ratified 28/11/02 (head auditor) are doing it. (whatever happens in that regard can only be a positive not a negative--re carrying values,legal relationships are changing through time, ie j/v structures.)(licence fee's what not deferred not disallowed.)
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All of the bulltwang that may or may not happen aside though, it is attractive on the basis that the writedowns are in the prior period.
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Regards,--WW.

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Replies:

Re: All of the bulltwang that may or may not happen aside though, it is attractive on the basis that the writedowns are in the prior period. -- No name, 00:07:58 03/04/03 Tue
- Re: All of the bulltwang that may or may not happen aside though, it is attractive on the basis that the writedowns are in the prior period. (NT) -- there are worse people than Peter Fogarty--believe me--as bad as he is he is not as bad as Theo Baker, 03:01:27 03/04/03 Tue