[QUOTE=Alan3285;295392]Hi winner69,


Quote
'If it were a straight debt for equity swap it could only improve SCF liquidity - no way for it to be worse unless they somehow increased actual cash costs of administration beyond whatever they were reaslising (repayments and interest) from the Strategic loan book."


SCF is reducing it's exposure to property. Why would they take on Strategics' property loans which appear to be under some stress as far as repayment goes.?
It would not be a big surprise if Scales and the Helicopters went back to Allan Hubbard once the capital problems are sorted. The Press editorial this morning seemed reasonably confident in the future of SCF.

Westerly