There is no talk of a cap raise. Nor any need for a cap raise.
They are currently drowning in cash and surplus assets. And that's after their buy-back.
The turkeys at the Australian even spoke of the possibility of further write-downs? Where, how, from which assets or business units?
If anything there will be write-backs, as they've over provisioned, but let's wait and see on this one.
FDF threw the kitchen sink at the right-downs as it rebased his performance metrics.
Ann: Appendix 3F - Final share buy-back notice, page-14
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