Pretty much says nothing is off the table.
A poster previously wondered how PNC compared with CCP. I have done a few calculations over the last three reporting periods and my figures show that PNC liquidates its PDPs about 3% either side of the rate that CCP do. Considering it is Tier 1 debt I would have thought it would be a bit higher than that. However PNC's ideology and philosophy is very different to both CCP and CLH and their softer and more sensitive approach would account for that. But it does not help KJ maintain his different approach to the accounting.
I await a better explanation of the FY 2019 results but if it is conditional upon the relisting of the company then.......................?
Ann: FY19 Annual Report (with App 4E), page-52
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