3500. Does look imteresting tks.
Do u know the timing of the staff savings u mentioned? My concern is that looking at the half yearly they could invest the remaining cash at 4 x ebit and still not be making a surplus - even assuming 100% distribution from SciDev (wont ne that as if growing will need to retain funds).
At first glance seems they need to further lower corporate overheads as scale not sufficient to support what they have.
Maybe i've missed something. Will be interesting to see how the next couple of quarters go.
sustainable, page-5
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