Ann: Presentation, page-15

madam

They don't need to do very much on either revenues or costs and EBITDA next year will be in excess of $350m. (DH2016 EBITDA was $168m).


On costs they have said their workforce has stabilised .this to me is doublespeak for we have non avenue left to cut costs as nearly all costs are staff related.
On revenue the one area (only area?)i see potential for increase is Kazakstan oil project with Chevron
if we are highly dependent on this project we will have to live with the threat of low oil price ($50 breakeven)or political risk derailing it
Not saying either threat is high but if we are dependent on the project I would far rather not have those risks
Also dont like the class action risk on a company lacking in tangible assets
Too much out of my depth to invest (or short).@Will watch with interest from sidelines