I wanted to throw my 2 cents in to maybe steady the ship.
-80m CF to -20m CF in 6 months. Big improvement.
$500,000 positive normalised cash flow for the HY mentioned on conference call. Big improvement.
51.4m normalised ebitdaw for the HY period. This is the UNDERLYING business.
The trajectory the business is showing demonstrates a strong recovery given the dire situation.
Like i have always said this will need many reporting periods to prove and this is a great first step.
It terms of needing to pay back 800m in 18 months like one poster said this is ridiculous.
Nothing is ever black and white, it won't be a massive Cap raising or bankruptcy, it will be something in the middle like we saw with the first renegotiation.
Seems everyone here wanted to make a quick buck and everyone pays lip service to long term investing but look at this forum now.
Bitterness, trauma, gambling this ship is going down blah blah.
This will all happen again prior to AGM update.
No doubt I will write the same post again.
SGH Price at posting:
37.0¢ Sentiment: None Disclosure: Held
