MFS owns what it owns you or I cannot change that.
It has external debt of x plus a contingent debt on NZ of y
It has residual assets that produce income
Its balance sheet numerically will be decimated by what has happened but beyond Stella I am trying to work out is there an income stream.
If you keep selling off the farm is then any crop to harvest.
I apologise if I sounded cavalier about that statement but losses occur when things get sold. If the asset is good and company can retain some debt facility then MFS needs to cling to it to provide return
I feel for the 11,000 investors in the PIF and hope some managed work out occurs
just sick of waiting on the strategic review
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