the cdr turn around has begun, page-11

last yr they copped 16m in one off restructuring costs. they should be back to profit this year

the banks have allowed them a 20m workign facility that is not yet used(which says a lot during credit crunch period). So Im guessing the banks think that servicing this debt wont be much of a problem.

Chairman has said that EBITDA will correlate with NPAT.

As everyone has mentioned, I dont see many 1b companies having a profit going under. More updaide than downside.

Happy trading!