Going going gone, page-466

Nope it is not Mike

I joined a co in receivership and planned a future which worked so I wrote to the Receiver to pack his bags and give us back the keys. He did. later I was an advisor to a co in Receivership. Again I took part in the plan to get shot of the Receiver. It worked too. I was also one of the numbercrunchers in what was then the largest leveraged buyouts in the UK. To begin with I was dubious about how it could work but older wiser ones showed how. It did. Today it has just under GBP 4billions turnover.

The reason I have a notion SGH is likely to reconfigure and survive is because - ve cash flow can be reversed . I am not a fly on the wall here so I dont have the inside track- but the management would have to be half witted not to fit costs around the expectaions of income. It has the capability of delivering 9 figure EBIT or high 6 fig EBIT.

It is partivularly pertinent that we know theor advisors say there is nothing wrong with the business.

No I have no idea how this will pan out but SGH does have options.

Mel