This being the first week of FY 15, I find MU's timing interesting, are they hoping to achieve maximum damage to QF ?
It would appear that Qf were going to write down as many losses as they
could during FY 14, making FY 15 appear to be the start of the 'miraculous' turn-around.
The end of any hope for JHK would have to be the worst possible way to start the new financial year.
Can they attribute the losses of winding-up JHK to FY14 when they gave no such guidance to the market that this was a possibility ? I don't know.
In respect to Sunny's observations, they all seem to come true, unfortunately.
