SRS PXU

Ann: Sale of Australian Paper Manufacturing Opera, page-3

  1. practisingaccountant
    9,544 Posts.
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    16/02/09
    18:04
    Post #: 4801283
    re: Ann: Sale of Australian Paper Manufacturi... Ok, the write down will flip profit from $ 72.3 million last year to a loss this year of around $ 550 million considering the earlier earnings shortfall of 15% forecast on 18 December 2008 plus this $ 600 million write down.

    Looks like the sale was made under some duress due to obligations arising from lending covenants.
    SRS Price at posting: 32.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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