alan kohler's article today, page-3

"In itself, Friday’s statement from the company does not seem to justify a 20 per cent drop in the share price."

"For a start, asset writedowns rarely affect a share price..."

"The rest of the statement was a cost cutting program and affirmation of the production outlook, the profit and the dividend; if anything it should have resulted in an increase in the share price, which is probably what the board and management had expected."
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Who is he kidding?