I thought lease liabilities were about $200-250m per annum and about $2b or something in total over the length of the terms. They need to negotiate hard really, several media reports have said that some landlords would probably benefit from a change in tenant or tenant mix, so it's MYR's job to convince those landlords to buy into that (if they see online as the way forward)
VA would come from breaching covenants, as opposed to profit/losses - much the same as TEN.
MYR Price at posting:
37.3¢ Sentiment: None Disclosure: Held
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