Spotless has questions to answer

Fresh off the heels of Dick Smith’s (ASX:DSH) $60 million write down of its inventory, commercial caterer, cleaner and all-round annoying jobs doer Spotless (ASX:SPO) has announced that 2016 should see its EBITDA remain flat and net profit fall 10% due to writedowns relating to bid costs and acquisitions.Spotless shares finished Wednesday 40% lower than the previous close and are down almost 5% today. That news has been well communicated. What hasn’t are the very interesting questions regarding the company’s disclosure.On Thursday 22nd October the company held its annual general meeting, during which chair Margaret Jackson announced that the company expects...

Fresh off the heels of Dick Smith’s (ASX:DSH) $60 million write down of its inventory, commercial caterer, cleaner and all-round annoying jobs doer Spotless (ASX:SPO) has announced that 2016 should see its EBITDA remain flat and net profit fall 10% due to writedowns relating to bid costs and acquisitions.

Spotless shares finished Wednesday 40% lower than the previous close and are down almost 5% today. That news has been well communicated. What hasn’t are the very interesting questions regarding the company’s disclosure.

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