Good post BH,
Initially, I too was a little disappointed with the result despite the headline considering the BMG sell down was included . After going through the report in detail I felt a lot more at ease as it appears they've taken the opportunity to expense as much as possible. Operating profit was still a healthy $112M with the benefits of the hefty write downs still ahead of us.
Cheers,
xmagx
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24 | 193621 | 1.555 |
17 | 178172 | 1.550 |
14 | 185905 | 1.545 |
11 | 118949 | 1.540 |
Price($) | Vol. | No. |
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1.565 | 25876 | 19 |
1.570 | 206821 | 26 |
1.575 | 189728 | 19 |
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