nab ups forecast of losses from rogues, page-18

Grant62, I saw in an earlier post that you believe losses could be $800m or so. Out of curiosity how did you arrive at this type of number?

I accept that the release today is carefully worded but to me it means softening up for a loss around $400m or $500m.

The interesting question to me is what will happen with the release of this type of loss. On one hand stock will fall but as Cucuitto will go with it there is likely to be a gain in stock price not dissimiliar to when BHP replaced their CEO a few years back.

thanks

Peter