whilst their earnings downgrade was disappointing to say the least, I am pleased to see there was no downward revision of asset values / impairment. Could this be that the indicative bids received support their current carrying values? If so then perhaps we will no0t be disappointed after all. I note the the hit to the derivative position - interest swap out of the money was as I had feared.
all might not be lost tho the market tells us otherwise.
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