Interesting or sloppy?, page-50

Sohei

I am out with 40% of my SGH investment plan too and have some losses on my new SGH investment. I have no basis in fact for assuming the NIHL cash will arrive other than that is what it absolutely says on the tin and the directors have not changed their expectations.

However less than $500m debt in 15 months would radically change the picture and if we get there , I expect C. $300M EBITDA....and it then looks sweet because it all works. If that is the plan and its on plan I cant see banks behaving badly.

We both know what that means and so keep nosing on SGH.

I am hoping for a dividend return next year and that would do no harm. In 6 years I want all my investments to be dull dividend payers and I hope SGH is one of those. Time will tell.

Mel