What a disgraceful disaster.
Selling the Crown Jewel Dampier Supply base for $45m. In H2 of 2015 alone it made nearly $10m EBIT for 6 months only!
Revenue slaughtered like the rest of the OSV industry overseas.
Asset impairments galore, as I said earlier they were behind the curve vs competitors, this was catch up.
In other news, good in the sense the debt terms have been re negotiated with just one payment due this year. This means they may just survive...
What a disgraceful disaster. Selling the Crown Jewel Dampier...
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