I thought it was a turn-around in the mid-$3's - then came the ASIC and Debt Covenant breach announcements. March announcements on the subordinate debt placement\capital mgmt plans will need to be well received. Statements in today's annual report around "disappointing year of growth" in their core business will keep people away I suspect. Yes - it definitely could be a good turn-around story, but it might by like a large cruise-liner. Takes a long time to stop and turn...
Turn Around, page-5
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