Australian (ASX) Stock Market Forum

GLH - Global Health

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VSntchr said:
Looking at the latest result shows that GLH have amortised $105k in this half compared to nil in the previous half.
They did amortise $105k in H2FY13 so will be interesting to see what they amortise for the second half of this year.

Despite this increase in amortisation, the intangibles are still growing as the $105k amortisation compares to $435k in reinvestment for software development over the half. Not flagging this as a problem (see above for relevance) but it's a good case study to keep track of.
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I had a skim read thisi morning and agree with your analysis. I think as a business, the accounting treatment in itself is not a huge red flag - it simply remains to be seen whether the investments in the past will translate to earnings in the future. But as an investment, buying at current prices involves a leap of faith assuming the above is true, and leaves one with little margin of safety.
 
Latest News - Half Year Results Presentation:- http://stocknessmonster.com/news-item?S=GLH&E=ASX&N=402223

140221 - GLHs.gif
 
I took a trade in GLH today at 49c ~ seems to be some sort of support at this level and a double bottom, 48/49.
 
So_Cynical said:
I took a trade in GLH today at 49c ~ seems to be some sort of support at this level and a double bottom, 48/49.
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52c close today, very small scale trade-able i reckon, core business has potential...double bottom looking good so far, looks to be bottoming to me, 6 months chart below.
 

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I was in this for a while back and got a pretty good ride out of it.
It really did overshoot value though when it started getting pumped up.
Was looking for a re-entry but it never fell far enough to get me back..

I think it's current level is pretty reflective of the business from a value perspective.
I like to follow these trades you take so_cyn...you seem to have a knack of picking them well, good luck sir.
 
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