“salvage” means rescue, at current share price which consider SGH is in coma, as long as SGH is not certify death, I would see it as good thing.
Are you saying that FTI consulting is doing man power restructuring rather than debt restructuring? Since FTI involvement is nothing new (since early this month), is the 51 job cuts related to FTI work?
I am not too sure why the management wants to do so. But just assume your guess is right, everyone knows that delaying the news to retail won’t help, as firstly, this results of 15% vaporised without considering the actual fact yet. Secondly, the McgrathNicol which work alongside with SGH will have the numbers, which of course they will constantly update the the banker.
SGH Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
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