Weakest price yet, pCap.
1H due ~25 Feb. We have the 29 Jan update putting underlying EBIDTA at ~$4m, little room for write downs if required. So many big retailers failing on debt obligations, decimating shop rents and thinning alternative offerings. Survivors will do very well when the economy recovers. None of us know when that will be.
Ash
Ann: H1 FY2020 Trading Update, page-7
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