True.This is apart from 87 million dollars of one off restructuring costs and one off payments.
That is pure cash.
So that 87 million not only adds to profits but also to pure cash flow for the 2H last year.
Markets can stay irrational for a long time. That is what is happening here.
SGH is still priced for failure which it should not be.
That 87 million dollras of one of expnss plus if you add to that just a cut of 15% of 136 million of advertsing and marketing expns that gives a total of 105 million dollars net pure cash flow whci is also equivalent to 25 cents of EPS if you consider 400 million as issued stock.
Market ignorance is baffling and at its extreme at the moment re SGH stock price.
SGH Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
