Yes you are correct - this is a given.
BUT
The Banking syndicate will not sit back and let it just happen from cutting costs. The risk is that even after a heavy costs cutting strategy, which more often than not increases cash outflows to start with, SGH will be no closer to paying their debt back. I believe they will want up to $350mill back NOW.
Their exists a risk that cost cutting could damage the revenue earning capabilities of SGH. Its a vicious circle.
Cost cutting plus massive immediate reduction in debt is the minimum outcome.
Yes you are correct - this is a given. BUT The Banking syndicate...
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Last
$47.71 |
Change
1.460(3.16%) |
Mkt cap ! $19.41B | |||
| Open | High | Low | Value | Volume |
| $46.25 | $48.55 | $46.25 | $16.49M | 345.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3120 | $47.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.88 | 21 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| SGH (ASX) Chart |