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2 comment(s). Last comment by qqq3 2019-05-31 12:45
Posted by qqq3 > 2019-05-31 12:45 | Report Abuse
On the PL front, the leasing transaction comes at a cost of additional $ 150 million expenses pa.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq3
13,202 posts
Posted by qqq3 > 2019-05-31 12:44 | Report Abuse
my opinion...several months after ex all, $ 1.50 is a likely target.
MFRS 16 really comes at a wrong time for them. Now, they have to book in all the leasing liabilities producing a very weak Balance sheet after the $ 3 billion dividend payments.