Another Investor Relatiions misstep, page-47

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prosperman

14,681 Posts.

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09/01/16

19:15

Post #: 16763737
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Originally posted by oggy0907 ↑

prosperman.

Your statement above is ridiculous ignorant and uneducated, baseless and factless.
SGH is a business that in integrating another large and diverse business which is taking 6 months to coordinate the cashflows and convert the new WIP.
The bankers were invited to see the numbers to get a line of sight of wip. Let me make this very clearly.... wip is worth nothing in administration unlike inventory with Dick Smith. Totally different business.
Not that I remotely think SGH is under any chance of going into VA.
The bankers advisors along with the companies advisors (as a sort of adjudicator) and with CFO guidance will see the money coming in and how much will fall into FY16 and what will fall over into FY17 numbers.
SGH cannot make any further comment till then with some mild update next week with a then guidance profit figure in Feb with the handing doen of the 1/2 yr results.
SGH is simply going through a digestion stage and the cases to collect are there and not going away.
As you can see the bankers are the backseat passenger here. If they want the $700m repaid then dont at all seek a windup due to 6 months a negative cashflow or they get zero. The WIP is there to collect
Relax the SP is just trading in a vacuum for spivs to play around with and media with nothing to report accept embellished baseless lies like your comments.

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Asimple fact not fiction--S/P 68C

NO matter what spin anyone put on it--at 68c its a T/O target ??????

SGH Price at posting: 69.0¢ Sentiment: None Disclosure: Not Held
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