SGH 0.00% 54.5¢ slater & gordon limited

Ann: Suspension from Official Quotation, page-285

  1. 2,468 Posts.
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    You should see me value small cap mining stocks, i specialise in those

    Ive also invested in firms who were going through debt issues such as refinance/capital raisings (TGS being an example) a lot of talk about administration/capital raisings etc (similar to SGH).. I was betting TGS would refinance based on the fact that the project was profitable even on the lower copper prices. I was right, ended up taking close to 80% return on that stock.

    With SGH im willing to call the shorters bluff and bet that the banks wont call in those loans early. Mainly because i dont see them writting the loans off. I know as a fact that they dont want to touch commodities and energy the safe bet at the moment is services. They will increase the interest rates for SGH's loans in order to compensate for the risk. But i dont see them calling in the loan and destroying hundreds of lives and a firm that has stood for over 80 years..
 
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Currently unlisted public company.

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