Mauombo - I dont really know where to start. There is a lot of investment needed to take Morrison's further. So the purchaser should then be able to do a straight deal payable in a few weeks.
Why do we not have enough to invest in Morrisons ? - we have $5 million free cash and we are generating $1 million Ebitda each month.
So what is the great imperative we are investing in? Hopefully not more News media that has earned zip.
I am frustrated as I dont see the grand plan.
Ann: Divestment of 80% of Morrison Securities, page-37
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