When to Catch a Falling knife, page-29

The risk with the company is that it has $190m of intangibles on its balance sheet.

Based on the profit downgrade, they will have to write some of this off (as impairment) and this will have a major impact on NPAT and also on the debt ratio.

50% of their borrowing are due in June 2019, they will surely have to pay significantly more to refinance / extend the term.

I doubt there will be a bounceback until Half year results are released, and then market will react to what is in it.