agm q's

S,

How's this for starters.

1. Can the company reconfirm its last guidance of EBITDA $93m for FY 2009, and comment on YTD performance
2. Company has indicated free cashflow after capex and minimum loan repayments of $29m which is equivalent to 4.3 cents per share can the long suffering shareholders expect to receive an interim and final dividend and if so at what level. Don't forget suggestion of DRP to give shareholders the choice to take or to reinvest.
2. Given that SOT trading at EBITDA : EV of only 2 times which is significantly below peer group (AMM, IIN, Pipe networks etc), what strategy does board have to restore shareholder value? - if response is focus on business and maximise profit, then response needs to be that despite the company's current and forecast level of profits the market still not interested, how long before board looks at strategic options to extract value. Don't forget that despite old Soul businesses not performing, the company prior to TPG deal had no debt, cash equiv 20 cents per share so shareholders were better off without TPG. Board now needs to restore value.

Some of these may be answered by the Chairmans address. Can you think of any other pertinent questions?