announcement writer

Just trying to help out announcements-shy HST with some pointers:-

Day 1: Chairman announced appointment of new CEO and team. A strategic review will be undertaken. SPP put on hold.

Day 15: Strategic review completed. New CEO convene meeting with analysts. Articulate strategy:-

a) To dispose European and Middle East operations to identified strategic buyers. Initial negotiations have commenced.

b) To dispose marginal Australian-based operations structurally damaged by high labor cost and A$. Negotiations started - MBO by key operating personnel.

c) to focus on Asia Pacific businesses/ domestic mining regions where HST can add value and enjoy good margins. Consolidate /shrink remaining operations into 3 core businesses.

d) to reduce employees count at HQ level from 50 to 12.

e) to take a blood-bath - announce a loss in 2012 (yuck!) after dimunition in value of investments, retrenchment cost. SP collapsed. HST makes AFR headlines.

f) to renegotiate bank loans - check w/downs do not breach lending covenants

g) an incentive scheme for new CEO & team.

Day 30: Strategic buyers found. Announce new projects secured. Positive outlook. Indicate range for 2013 eps. SP goes north of 14 cts. Do SPP?

Day 70 Sale of European and Middle East op concluded at $m. Depending on disposal amt and SP, HST to ann CR or debt reduction/share buy-back.

Best to all. cheers.