Hey Alex, thanks for your reply, agree it is messy, but so is all the other media reporting as in ABC reporting maybe SGH loan is being provisioned as " bad". That is the way of reporters and the like. Everyone was screaming for OPEX cuts of some description and when finally some appear to be happening , people are still not happy. What I like about the reported restructure ( if one can believe the report) is it has taken some time to happen, so one would hope a lot of thought has gone into it, in consultation with FYI to get an solid outcome. I have said a number of times NIHL , is a mess I don't understand very well, but having spent $30M IN H1 for a return of only $1M something had to give ..looks like it will not generate the income BOD expected. I still see some positive ( those damned rose coloured glasses again ) in the announcement, especially as the restructure seems to be happening after bank presented with restructure plan.
SGH Price at posting:
24.5¢ Sentiment: None Disclosure: Held
