Ok, so the stat loss was $100m. But on the bright side: - NeT Tangible Assets 27 cents per share - Upside if Tassie land sold, goes straight to bottom line - Margins in diversified products increasing - plenty of buffer on loan drawdown ability - the worst has been factored into these figures including bringing forward the restructure costs - operating cash flow improvement - gearing under 20%
I think the next 12 months should see things improve. Lets just hope the USA and europe can get their act together.
SRS Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held