not happy so farSeems like another mistake from management to hedge at the bottom.
( after the rim investment, which I also didn't like )
Anyone know what this means : "a pre-tax impairment charge of $85.5 million has been recognised"
hmm : "
Impairment charge" is the new term for writing off worthless
goodwill." ( reefton I guess )
I thought I read the hedge was a no cost operation.
So this should add cash to the balance sheet, just not paying any taxes on the profit.
no I am even more confused.