so i bet the company will meet their full year NPAT guidance and FY26 targets. That is all good.
but what about the impairment just made? to paraphrase it in my own words "we did not need to take the impairment, our collections are good, but we took it just in case." Why not only take the impairment if it is required in the future?
describing it as "precautionary" suggests it might not happen, and you would think its just a case of overly conservative accounting. But then go back to financial year 2022
What happened to these "overlays?" They should be unwinding over time.
sure the NPAT outlook is bright here, but this bugs me. Open to others opinions...
also looking forward to getting a big kick out of any PWC settlement...
so i bet the company will meet their full year NPAT guidance and...
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