The inside owners also have 100% of the UK operations to bankroll. My guess is the UK business continues to be out of control in much the same way it was for us and for this reason they have decided to bail.
The venture into the UK cost us billions and at a time when the Australian operations were profitable.
SGH AU will become profitable years before Anchorages UK operations ever do.
SGH Price at posting:
$2.82 Sentiment: Buy Disclosure: Held