There are some shenanigans here that I am sure people will see through.
Debt has been re-negotiated (good thing) but the interest rate rises on that debt have been factored in over the next two years and added to the debt total rather than serviced.
The 2.2mil profit doesn't even cover the 2.5mil of interest increase that has been added to the debt.
Kicking the can down the road doesn't solve your can problem.
SGH Price at posting:
58.0¢ Sentiment: Sell Disclosure: Not Held
