There is nobody to rescue except yourself. Whether that be to make money or loose money, nobody in the share market thinks or cares about anyone but themselves. The fund managers are basing their actions on the same "facts" that everyone else is. Their plan is to sell, create fear, drive the price down and then scoop up at a ridiculous price... like high 50c. If people actually stuck to the facts instead of being clouded by constant negativity then the price should be no less than $1.00. If S & G can't be sure at this stage of guidance / cash flow forecasts, then how the hell are Fund Managers to know any better. This thing is being driven on total fear and panic driven by various issues that people just don't fully understand. S & G are not in the business of selling widgets on 30 day terms, this is a complex business with mountains of legal cases and it can take many many months for cases to be resolved and settled, very hard to forecast. Therefore while cash flow maybe unexpectedly negative in 1st half it could be hugely positive in 2nd half, especially given the recent acquisition hasn't had any time at all to bed down.
The talk of banks pulling the pin at this stage given the "facts" is just very unlikely. Any announcement in January regarding cash flows / guidance that has a whiff of positivity will see the stock start the road to recovery. This is the time to buy and hold long term, even if you miss the bottom by a few cents.
SGH Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held