I reckon the CA has weak grounds in terms of the PSD acquisition......it's ridiculous to think that the co. is accountable for the SP falls. If you look back the SP had already started falling between April - June 2015 ($8 to $6.20's) on the PSD acquisition announcement and presentations. Then the major fall in June 2015 was due to the ASIC investigation which crashed the SP from $6.50 - $3.50 then finally the other major fall from $3.20's - $0.60 was on the back of the AGM presentation and UK proposed reforms. So in effect nothing at all to do with PSD / SGS from $8.00 to 0.60.
SGH Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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