Though I haven't been posting I've been following this forum - which is it's usual war-zone between holders who seem to complete dunces in the eyes of non-holders who feel it's OK to turn up and dump their pearls of wisdom.
OK SGH is a punt.
Has been since 2015 when everyone was blind-sided by misinformation.
My take is it's not a question of whether SGH will survive - it will - but who knows what it will look like 6 months from now.
My hope is that banks can see that SGH immediate problem (appears to be?) is cash-flow.
Given a long-term deal, likely it can get through this once it starts to exploit it's new UK market - heavens alive Redde is, so the business must be there.
And SGH announcement said it was negotiating just this sort of a deal with the banks to 2021 and seemed quite confident it would make one.
Why wouldn't banks want to do that kind of a deal with a business that's got an 80-year-old history of cash-flow.
So - wait and see I suppose
SGH Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
