The 'sell' and 'not held', page-29

I remember last year same SGH scenario.

Potential administration etc.

We are now one year out.

Cashflows are improving (2017 H1 normalised was positive) and restructuring and performance improvement plan complete or almost complete.

These things take time to get going.

That is what I look at.

My sentiment is 'positive' while at the same time I know we do rely on a deal with the banks.

I do however also believe SGH would have a plan B somewhere. My opinion only.

We all do what we need to do working within our own circumstances and risk appetite.

We are still alive