bidders have until 28th march, page-12

hmm...i am going through their first half presentation again and i don't see why the market is as scared as it with BBG...??

1) overall loss was driven by a non cash accounting impairment of $534M.....

2) Adjusted EBITDA up 12.9% to $57.2million in constant currency terms..... up 45.0% in the Americas and up 29.3% in Australasia in constant currency terms

3) 119 stores closed by 1 February 2013 & Approximately 40 further stores to be closed by June 2013....should means significent savings from next financial year....

4) Board still expects to make ebitda of in between 75 to 85M in constant currencty terms before significent items....?

5) Operationally....Europe and nixon dragged them down but other parts of the business performed to expectations....

if no acceptable bid comes i'm putting my shares back in my bottem drawer for next year....