what a close!, page-7

Risk - worst case is the company goes into administration. Given that SIP has reduced almost the entire portion of debt that would place it in a position of trading insolvent means there is little, if any probability of this occurring. Since most of the bad news has been brought to the attention of the entire market, means there would be minimal downside left.

Reward - Now that all the bad news is out, debts have been reduced, trading terms reduced, the chance of future dividend seems more probable than not. The further chance that the business will be placed in a position of strength, further enhancing the likelihood of future dividends being paid are more probable than not.

With all investment there is risk, the facts are that even we small investors have heard pretty much a complete sorry saga of events over the last 12 or so months, now we are sitting here, waiting on a company that has over 200m sitting in the bank, and a profit of approx 140m to be declared.

risk/reward seems rather imbalanced at this stage.