trading halt re guidance, page-11

announcements are not too bad. Although splitting the leadership post, and putting an accomplish on the post (that signed off on all f ups) is not very comforting. But, it's a start.

this announcement is no reason for the dramatic share drop.

the fact that the organisation is still being rationalised is good, but it also shows how overdone it was...

working in Hong Kong? the Hdd cowboys?
the hdd part of the business (relating to pipelines, not to csg - this is a fundamental different technology/business), should be stopped. massive risks, never enough premium charged to the client.
That can only go wrong....

The refinance is not a risk anymore, considering the announcements made. However, I hope they can refinance within the year on more favourable terms. Or selling some of the operational business, so the loan can be payed off.
It does mean that any finance will bring the focus on C and its assets as collateral, as the operating business will disappear slowly (by sales or wind down)