Ann: Anticipated Impairment Charge , page-2

Well, I reckon the BBI detractors would be pleasantly surprised by the impairment amount.

Takes about 35c off the NAV per BBI by my calcs. Beppa still un-touched.

This should be as bad as it gets regarding impairment. Covenants are not tied to asset values AFIK, so bank situation should remain the same.

I think this may surprise the market to the up-side.