I think that's good for now interest rates seem to be rising. I don't have special insights I just buy companies where expectations are low instead of where expectations where high.
Generally avoid growth like the plague and try to buy things for 30-50c on the dollar.
I appreciate the anger toward the company but I would tell you it's not specific to one individual it's structural.
Symptomatic of shareholder demands for companies to grow, executives trying to justify their exorbitant remuneration, considerable success leading to hubris, weak boards not challenging their CEO's and passive docile shareholders not acting as owners of their companies (institutions being too close to CEO's to challenge them). It's therefore an expected outcome of the system.
Some smart outside short seller digs in says the emporer has no clothes and gets a libel suit thrown in their face. We have things absolutely backwards to how they should be.
Almost exactly the same thing happened at CDD, STO, SMX and to a lesser extent PRG which I am invested in. So we know why it happened and that it happens often.
There's no comments on those threads and when I am buying only a handful of brave souls back me while the rest subject me to fairly savage abuse. That's the situation you need to be in, the minority viewpoint.
If you can hold a minority viewpoint and be correct that's wonderful. If you buy something everyone thinks is risky but you know is very safe.
This may seem to be a digression while we wait to find out the fate of SGH but what I am trying to explain is the way people could avoid these situations in future.
Either buy an index fund ideally during a crisis like the GFC when STW was $32 but failing that buy in instalments, dollar cost average in over many years. The job of the analyst is to save you from big mistakes but they can't beat the market as they are the market.
So just buy the market and pay a low fee, that way things like SGH won't hurt you bad again as it could only ever be a little wart on the gigantic rump of the ASX200.
For the investor who is really interested to dig in it's the psychology that's really important above all else. It's not possible for everyone to beat the market but a tiny minority of outsiders can if they are patient, knowledgable and independantlt strong minded. Some of the short sellers in this case started out losing money on not at all fraudulent companies like Quindell and found a productive outlet.
I am not sure if it's your thing. I quite enjoy calling bullshit but each to their own right? Everyone seems to understand that buying a stock that has fallen a long way can mean they are cheap but they miss the point that you really need to be knowledgeable to do this, not just full of shit like Mighty.
A $20 copy of The Intelligent Investor is the best money anyone can invest and time to read it four times.
There's a lot to be said for crusing if you enjoy that and not thinking money but more important things instead.
I saw the Ovation of The Seas the other day and it has a swingy view arm, a robo bar and is very very very big.
I am not sure about how sympathetic the robo barman would be if I was to share my troubles though.
Best wishes
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- Medical law expert leaves Slaters for rival
SGH
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Medical law expert leaves Slaters for rival, page-60
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Last
$52.70 |
Change
0.250(0.48%) |
Mkt cap ! $21.44B |
Open | High | Low | Value | Volume |
$52.45 | $53.11 | $52.30 | $13.13M | 249.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 636 | $52.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$53.03 | 1390 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 130 | 51.400 |
2 | 109 | 50.850 |
1 | 80 | 50.100 |
1 | 50 | 50.040 |
3 | 1090 | 50.000 |
Price($) | Vol. | No. |
---|---|---|
53.030 | 1390 | 2 |
53.040 | 435 | 2 |
53.130 | 810 | 1 |
53.180 | 519 | 1 |
53.800 | 10 | 1 |
Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
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SGH (ASX) Chart |