RE: RE: So undervalued24 Mar 2023 07:55
BDFIX - totally agree with you and hence why i have a large position in comparing to my PF. This is a long term hold for me. Also a couple have mentioned the loss accured for boom but its good to look at the big picture and its not a great worry at the moment given Audioboom are still in the early stages of growing their business. The loss as below is explained in yesterday’s update.
‘ The total loss before tax for the year was US$0.4 million versus the prior year US$1.7 million profit, mainly due to the higher non-cash share-based payment charge of US$4.4 million related to the awarding of share options during the year. The total comprehensive loss of US$3.0 million (2021: US$7.0 million profit) included a charge of US$0.3 million in relation to the partial unwinding of the deferred tax asset recognised in 2021, which materially inflated the total comprehensive profit in 2021 and can be utilised to offset tax arising on future taxable profits.’