It's worth remembering what an impairment is...Basically this is reducing the book value of the Canadian assets in return for reducing taxable income. Timing is actually quite good as it reduces tax / increases cashflow in the short term right when WPL need it for the big upcoming CAPEX spent.I personally don't know the last time I looked up the book value of WPL, it hardly features in my valuation, Kittimat likewise I don't believe actually represents much share price value. While a big number to me this announcement is more of a "meh".
Ann: Significant Item in 2019 Full-Year Results, page-10
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$29.40 |
Change
0.030(0.10%) |
Mkt cap ! $55.82B | |||
| Open | High | Low | Value | Volume |
| $29.34 | $29.63 | $29.19 | $95.31M | 3.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12225 | $29.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.42 | 15374 | 6 |
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