Things are not as dire as they look on the surface Vs April last yr as 100 million or so restructuring expense has also been paid out in hard cash during this period whose benefits have not matured yet.
NIHL and ESCROW funds that can come yet cant be quantified.
CF will certainly improve very hard in 2H as we have seen during last finncl yr as that is the nature of the business.
Banks wont pull the plug for sure.
They would have done that last year .
Looks like they are comfortable in giving time.
Question is what compromise both parties will make this time.
SGH Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
