Thanks mate , not sure H1 will be the catalyst that is needed to turn this around. I am still thinking that this is now 18 months away from showing a significant cash flow profit from such a major restructure. At best H1 may show that the progress that was started in H2 2016 has continued , and starting to gain momentum. The big question is how much patience the major lenders have and will they give SGH the time that is needed to get this right , if possible. It seems to me that Citi did not have the patience to stay in the game..concerning at the least. According to media , a report from McN is to be tabled , possibly on Wednesday...now that will be interesting reading , I wonder who will get to see that report. If they are working for the lenders , as they seem to be , the lenders will already know what the report will say , but it would be nice if the long suffering SH's are allowed access to the report, but then again maybe we will not like what it says. Who Knows , not this duck .
SGH Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
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