You've been a big advocate for aggressive cost cutting in SGH. You've expressed some confidence this may represent a pathway to survival if done early enough and to a sufficient extent.
The media has reported on a review by the company of its property portfolio. I understand Mr Grech is currently in the UK to consider which sites (in addition to the two mentioned already) may also be closed down
Do you think this cost cutting is merely symbolic or evidence of a more serious commitment to right sizing operations?
Do you think the cost cutting is occurring in response to instructions from the banking syndicate?
If yes to the previous question - does this suggest the banking syndicate is satisfied to pursue cost cutting options at this state as a course of remedial action?
SGH Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held