The only people who look like being paid on time at the moment...

The only people who look like being paid on time at the moment are Hastie's bankers and underwriters. Out of the $160 mil, a whopping $15m is being paid in fees.

At least the fee fest should ensure that the deal goes ahead.

They have forecast 2.2c earnings next year. Discount that to a more realistic 1.8c, put it on 8x and you get a price target of 14.5c !

Longer term upside if they get their act together, but that is a serious If.