ASIC v ISX Hearing, page-311

Oh, this is good.

Minehane is being forced to agree that it would have been impossible for analysts and therefore the wider market to know about the costs of the one-off integrations that meant that the profit on the one-off integrations was negligible.

He fought long and hard, but in the end, could not do anything but agree that it was all but impossible for analysts to know that the costs were one-off from the 4C and all previous disclosures from the company.

It undoes a lot of what he argued during the cross that a good analyst would know what was happening.

This is real pop-corn material.