Ann: Confirms FY17 underlying EBITDA and impairment to goodwill, page-28

Just thought of something - if the write down reflects what the directors think the company is worth, could this give us an idea of what they are trying to get from the PE bidders? Or in a way telling them to f* off?

Back of the napkin type of math, but looking at balance sheet, reported net assets should be around $2.6bn taking into account write down. This reflects a share price of $4.20. (Numbers very rough, might double check when I get home)

Wonder how this is intended to impact negotiations.

Feel bad for all buyers above this figure. But happy for myself.

I'm changing my sentiment to buy. I'll start accumulating if I get cash before it goes back up.