Cost-cutting is referred to in Note 7 in the Investor Presentation 29 Feb : "The cash flow forecasts have not considered the expected benefits associated with the planned reorganisation to be undertaken in the UK businesses, and the efficiencies that are expected to be derived from this, as theaccounting standard AASB 136 does not permit the Group to include in the value-in-use calculation the effects of a reorganisation to which the Group was not committed at 31 December 2015.".
SGH Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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