There are many on here who like to focus on the current loan terms etc etc.
Those loan terms, by SGH's own admissions, are basically out the window. They are now negotiating the Company's survival. Should the loans be called in to 31/3/2017 - it is game over - call in the administrators, despite what a few dreamers on here will have you believe.
So the call is effectively with the Banks - it is now a pure risk mitigation and funds/profit raking exercise for the Banks. The Banks will either want a tangible asset to sell to someone else, their cash back or a combination of both.
Although I believe SGH will be allowed to repay some of their debt via cash flows, I do not believe it will be more than 25-40% of the current levels.
I see nothing less than a comprehensive FINAL solution - share holders are very unlikely to be any consideration to those who hold the key to any deal - THE BANKS.
BUT as there has been no announcement I take it that no deal has been finalized.
IMO
SGH Price at posting:
27.0¢ Sentiment: Sell Disclosure: Not Held
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