what's happening?, page-2

Mate - This is a highly volatile stock with:

net debt/equity of around ~250%
fairly flat revenue growth until 2013 ~$300m - $320m
Market cap of ~$250m
Positive profit not likely until 2013

But with all that said:

The millionaires factory SOTP DCF = $0.60 and
RBS SOTP DCF = $0.80

Both with a buy rating.

IF:
1. They pay down debt further (they say they will)
2. Don't breach any debt covenants
(2011 will be close, netdebt/EBITDA limit is 8.5, forecast is 8.3!!)
3. Spin off the yank assets (likely)

We should see investors return in droves.

Hold on tight until then!