Loading up the truck, page-3816

lakota - he's delusional. Ignore him.

Now isn't the right time for an essay on how and why it happened and whether it was either fair or honest, but it seems the Au performance shows the effects of the reputational damage all the negative publicity a media hungry for sensation caused last year (calendar) and the first half of this one. I certainly wasn't expecting to see SGH Au struggling to break after adding back non-recurring expenses.

SGS (PSD) was better than I expected - profitable in H2 on a normalised basis.

Not a disaster but will probably be presented as such. Much work still to be done and management very reserved in their comments about the future. To be expected in the circumstances I suppose. I doubt there's much gone unprovided in these accounts, which bodes well for 2016/7 if the thing gets motoring.

No doubt someone is poring over the capital structure and scratching his head.