SWM 0.00% 16.5¢ seven west media limited

seems like good value now down at 36c, with one concern I...

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  1. 1,922 Posts.
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    seems like good value now down at 36c, with one concern I haven’t really worked through…

    still have $45m provisions left for onerous contracts

    does anyone know what these relate to?

    the annual report mentions them multiple times without describing in any way the specific contracts

    seems quite opaque to me and provides no comfort that they have the capability to not make similar mistakes
    in the future

    was probably covers in prior years, but just wondering if anyone on here can provide some insight?
    Last edited by Glpg: 17/08/23
 
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