RE: Was pessimistic, now less so31 Oct 2022 16:59
I was swearing like a sailor when I found out about this transaction. After reading the RNS I have swayed. Proteus and SAE are both cornering the market locally so to speak it was never ready to international with its debt levels. I find myself agreeing with what SAE are doing now, which is consolidating it's business, by reducing its costs, and focused on recovery of debt levels. USK was a bad decision (to date) it seems and SAE is in recovery mode.
It's going to be a struggle and of course it could fail, but to me this direction of business Change could prove to be the saviour not the executioner as I first thought it to be.