SRS PXU

Ann: Sale of Australian Paper Manufacturing Opera, page-2

  1. practisingaccountant
    9,544 Posts.
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    16/02/09
    17:57
    Post #: 4801251
    re: Ann: Sale of Australian Paper Manufacturi... "As a direct result of this transaction PaperlinX will record a write down of approximately $600 million(1) in relation to the sale."

    This offsets some of the positives from the relaxation of the lending covenants. Wonder where PPX will go now.
    SRS Price at posting: 32.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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