investors have also lost the 22 Nov 2010 23:09
appetite for companies like sche. a recent float by a similar company had to be pulled.
excessive borrowing has crippled the company to a point where its mere survival is a massive burden.
the business model is profitable as long as you own the homes. SCHE do not. a lot or sold and rent back agreements. these rarely work with low top up fees.
short of a huge cash injection whereby the properties are bought outright i just cannot see a financier giving their support.