SGH is holding very well considering the prolonged 'fear and fiction' campaign.
SGH have not announced any immediate deal with the banks or details of such.
This is what they announced 28 Dec 2016:
The Company is working pro-actively and co-operatively with its lenders to explore and manage options for the refinancing and recapitalisation of the Group. The process has commenced well ahead of the May 2018 deadline, with the objective of achieving an appropriate and successful outcome for stakeholders and a smooth process leading to that outcome.
No panic there.
Whatever happens I hold SGH for the long term.
Share price was $8+ less than two years ago for the same share. We have now almost completed our restructuring and performance improvement plan
Would I sell now just before fruit harvest?
No.
Do your own research.
Slater & Gordon lenders booked for update, page-81
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