News: CCP Credit Corp Group Looks To Raise Up To A$150 Mln, page-10

My general view on financial reporting this quarter is that write downs and impairments will be exaggerated for all companies. Not exaggerated in the sense of being overstated but that a lot of skeletons in the closet, e.g. cover-ups in the form of accounting from previous years will finally be reflected simply because it's a 'convenient' time. I don't follow CCP as deeply as to keep a track of their accounting tendencies, though they appear to be conservative (? iirc don't quote me). I believe I saw some discussion on that earlier, but its late and I'm not going looking for it. Even still, I think these write downs will be deliberately exaggerated and that said, I don't see the point of raising additional equity capital to cover this hypothetical 85m impairment.