Sorry should read:
And if SGH reduce debt by $200M from NIHL ( they have effectively had a bridging loan to take the cases to completion)
and $100m cash walks in from elsewhere in the group by June 17 and net debt is near $450M with $200m EBIT looking solid ( remember Edison Research pointed 50% higher then that at $312 m EBIT in the year to June 17) ........do you still think there would be a problem with market perceptions on SGH.
Mel
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