I really wanted to short it on today's abysmal news - but rumour of possible newscorp interest stopped me. Looks like they will make a loss of at least $60m, and if only that level of loss - I think that net debt will blow out all the same. I just always wonder at what point a suitor waits for something to go into administration, if they are genuinely interested. Nothing is working for ten - at least that is how it looks to me.
TEN Price at posting:
26.7¢ Sentiment: None Disclosure: Not Held
