Maxima
Agree with your comments especially regarding management credibility.
The non cash impairment is not the end of the world particularly now that the debt level is lower.
I am a little surprised at the size of the impairment which now totally wipes out any intangibles associated with Project management.
Of primary interest to me is seeing some positive cashflow in the business, which will allow debt to be reduced further.
I am expecting a dividend to be given if at all possible to restore some confidence with the into's that came on board in the raising.
It appears like the ship leaked a bit regarding this announcement.
Note to self: avoid turn around plays at all cost in the future.
update, page-5
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