Unsurprisingly, financial advice firm Yellow Brick Road on Tuesday urged shareholders to reject corporate raider Ron Brierley's "grossly inadequate" offer for the company. Brierley's Mercantile Investments had offered 9¢ a share, a 3.2 per cent discount to the then market price which has since risen higher to 10.5¢ (making Brierley's offer 14.3 per cent below the market price).

And sure, YBR's share price has dived 80 per cent over the past five years. But looking through its accounts, you'd have to conclude its current management is much of what it has going for it. With a market capitalisation of $29.7 million on Tuesday, last week's results showed the company still values its goodwill at a shockingly high $23.5 million. So, 79.1 per cent of the value of the whole shebang!