Looking at the address, they are forecasting roughly the same...

Looking at the address, they are forecasting roughly the same EBITDA as last year.

Last years report shows interest of about $20mio and DA of about $40mio. Reasonable to assume that this years finance costs have increased significantly (general interest rate increase, increased debt and also bank's have probably increased their lending spread)- I calculate an increase of around $4mio.

Given they had a loss at the operational level last year of $13mio (before tax write-back), then IMHO they certainly have a lot of work in front of them

The outlook for 2008 is very long on comforting expressions such as "ahead of forecast", but very short on detail.

I am resisting temptation to buy some until the water is a bit clearer.