SRF surfstitch group limited
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  1. jamwolf
    6,073 Posts.
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    30/08/16
    20:39
    Post #: 18804717
    A private Equity firm would have to be insane to back Cameron after these horrific figures.

    Private Equity is interested in cashflow. Cameron ain't no cashflow man based on these numbers !

    I wouldn't rule out a PE bid at all, but it would be supporting Sonand or another hard nosed CEO.

    There is a lot of cashflow still to squeeze out of inventory. Plus the sale of Surf Hardware. So the chances of this going tits up are low.

    So a PE bid could happen, but I doubt it's for a little while yet, and minus Cameron.
    SRF Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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  3. jamwolf
    6,073 Posts.
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    30/08/16
    20:58
    Post #: 18805131
    Good luck with your postings.
    SRF Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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