HT1, concur with your comments re new CEO's approach. In defining the strategy and thinking about what to do with allthe cash, I reckon he might make a few big write offs in the up coming results (two weeks from now.) It is always a great opportunity for a new CEO to clear the decks and provide a favorable comparison his reign. Non cash adjustments and final expenditures on PH might come in consiferably higher than we expect.
The funny thing is, such treatment always damages the headline result but is always good for the sp.
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