RE: Declining revenues13 Nov 2020 13:48
Let's also not forget that impairment whilst a charge to the P/L is a paper adjustment. Whilst it affects consolidated statement of income it doesn't affect overall continuing operations. No change to working capital. No change to net cash (CR goodwill, DR impairment charge exceptionals - for the accountants amongst you).
It says more about potential overpayment previously than ongoing operations, and in any case this is already factored in with SP drop.