Well its caught up in all this tech problems and suffers from bad sentiment also. However, its been well documented that they want to divest the IT business and the CEO said back on March 7 that SOH were in discussions with a number of parties in relation to possible consolidation of their IT business. He said that an announcement would be made in two to three months.
They had 57 million in cash. just spent about 33 million on keystone which leaves about 24 million cash. if they sell there IT business for say 20 million, then we start to see a pretty good little company with say 40 odd million in the bank and 217 million shares on issue with little debt. I actually sold some yesterday at a loss just to reduce my position but i still have a core holding for now.
apart from that, i dont know what to say.
skippa
SOH
unknown
Solution 6, page-2
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