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rights issue and sale of building, page-22

  1. 6,676 Posts.
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    Further to me previous post, scrap those figures I plucked out of the air for the time being. I am having a serious play with them now. I re read the half yearly with a little more care last night.

    This statement from the half yearly has an unknown value in it that I wouldn't might having a closer look at " Complete back-office integration of MRA into Magna Pacific to deliver an annual rent saving of $400k from 1st July 2008 in addition to staff reductions, back office cost reductions, productivity improvements and other operational efficiencies across destra Vision".

    Now I couldn't find how many Staff MRA currently has. (Magna has around 53),does anyone know? So I couldn't hazard a guess as to the touchy subject of staff reductions, but I am sure there would be quiet a few duplications. I am wondering if their is not another 400K plus to come out of this.

    Anyway hope someone can help with a little more info. I'm off to my day job now. I'll keep working on it.

    Oscar







 
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