NO. I thnik there were lot of one offs and lot of fat to be cut.
14% down on head count is huge. can u hvae a look at wages and salaries xpnss .
i WILL HAVE A LOOK
If they do nothing else.
86 million dollras were one offs.
136 million marketing and advertising. 14% less on wages and salaries.let us say only 10 % less considering only low paid employees were let go.
it still produces 150 million dollars of hard cash .pure cash flow.
so i dont know and i dont understand fundamentally what market is thinking. technically yes. tired bull liquidation. PIP players getting out. no instos there on registry. so no floor under price even on good news.
SGH Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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