"We anticipate that PD Ports and Euroports will probably make up the bulk of the write downs. Whilst disappointing news, the impairment charges are not unexpected with economic conditions affecting future cashflows of those businesses and hence valuations. This announcement does not materially change our view on the stock with asset sales remaining the key to realising shareholder value."
BBI Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held
