careful, page-47

Haka,
I recall the 08 Funds management income at circa $139 m.
Operational expense of employees and admin expense alone at $170m .

I thought Aussie redundancies were 38 people, not sure about the numbers in the UK.

My concern is the deal origination people and development people are the skills needed to rebuild the business.

So I am unsure what the future strategy is, maybe it is a break up and sell down the assets.

Just a difficult environment to do it in!
Will they get out of this mess? I think that is up to their banks, because they need their support. And yes others are in similar positions.

I dont follow IEF, therefore no view