margin management and getting paid on time, page-3

The only people who look like being paid on time at the moment are Hastie's bankers and underwriters. Out of the $160 mil, a whopping $15m is being paid in fees.

At least the fee fest should ensure that the deal goes ahead.

They have forecast 2.2c earnings next year. Discount that to a more realistic 1.8c, put it on 8x and you get a price target of 14.5c !

Longer term upside if they get their act together, but that is a serious If.