RE:No gain in BookValue in 4 yearsbigzig wrote: Book was $980 m in 2016, $991 m in 2018 and $1030 m in 2018.
But, Knight has yet to pay $42 million owed CRA.
Remove that and Book is $988 m.
Essentially no change at all.
Over this time period, the share price has declined to the current level which is barely above Book.
In addition, Knight remains Ebitda negative.
This is failure to execute of the worst sort..
This is incorrect.
Knight has deposited the $23,340 to the CRA last July and to RQ $18,242 in February 2019. So the $787 million in cash icludes this provision but the $18,242 is not as it was just paid in Q1 and will be reflected in next financials. So cash balance including the entire amount is presently $769 million. Keep in mind these are marked as 'other receivables' because they have started the appeals process and if they win will get the money right back leaving $811 million on the balance sheet.