I can say few things,and all them based and common sense
a) the company have work in progress and "some" become cash
b) the company informed the market they will cut costs.
b1) obvious they will cut at limit to make the money IN become bigger than money OUT, correct ?
c) the banks talk about (2017) that means the company have a full year to plan,to adjust,to convert, to leave the days going and dissipate all that
bad environment
d) after some number the company become much more than a bargain... If we convert today all WIP and give goodwill value for a positive cash flow,this is certainly much more than 0.30
e) the sellers are the ones that rush first days,..after some momentum the volume of sell just stop and naturally the price rebound by lack of sellers
I'm in... I cant say if I will make profit or loss..I can say I'm in conscient about the risks,and to me... worth !
Cato (average buying price 0.325,,,stop loss 0.285)
SGH Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
