Please refer to our initiation of Aggregate Holdings here.

We are taking a view. The approach we have followed has lead us to focus on the substance that makes up the group today, its financing and the challenges it faces in the short and medium term. Much of it is guess-work as the scant disclosure requires us to triangulate much of the missing information. Yet, while we may be off in some projections here or some allocations there, we are confident that ...in aggregate… we are not too far off the mark.