SGH Pre NR, page-117

Class action rubbish - that will take years to unfold and given what priced in here I don't think anybody seriously fears the MB class action at this point.

All about performance and Alex we have a lot more certainty on survival here so I would suggest at current share price at least represents fair value. They are slowly turning the ship as predicted so be surprised if headed back too much lower from here before a gradual climb up.

Losses diminishing - cashflow improving - it is about the direction of the trend after a large merger and showing signs that they are getting on top of things but much more work to do.

And no not balls of steel but some simple logic and calcs based on passage of time that they were not running out of money as improvement on net debt shows, and indeed turning the ship.