Ann: 2015 Half Year Results Investor Presentation, page-4

they have forecast $10 - 20m in ebitda in H2.

Newbuild programme will be completed in 2H; 2nd half capex approx. $80m

Targeting an additional ~$50m in vessel sales by end of FY2016

this has implications (imho)

" On 6 January 2016, the Company completed the sale of three wholly owned Singapore based subsidiary Companies. The Company acquired a number of subsidiary Companies as part of the transaction in June 2014 to acquire the business activities of Jaya Holdings Pte Ltd. The sale of the three Companies is part of the Company’s strategy to consolidate the number of operating subsidiaries in the Group. "

I wonder if they have sold the land / shipyard facilities ????????????????

rgds
V_H