Nini B confirms interest - shaming SFH, page-7

Sandon Capital have no credibility and their proposal to raise equity will only destroy value for shareholders.

SFH's fundamental problem is that landlords have kept putting up rents while retail prices have deflated over recent years. Profits have been transferred from the retailers to the landlords and the retail industry has been pushed to breaking point.

Any equity raising by SFH would only temporarily relieve financial pressure and give the landlords an excuse to maintain current rents.

Management have the right plan. Radzyminski and his boffin analyst should pull their heads in.