Australia's largest stock trading and investment forum Australia's #1 stock forum

SGH

Click for more information

0.00%

54.5¢ slater & gordon limited

Who the hell is buying ??, page-134

First 134 Last

Share
Profile

Follow
mike8654

694 Posts.

43

18/02/17

11:30

Post #: 22718954
Share

Originally posted by Krispytech ↑

Hi Denbo,
Technically v bad as long term support broken and closed below 20 with failure of double bottom unless coming events prove that it was afalse break as it has still not closed for 2 consecutive days below 20.
Fundamentally,i think banks will come to the party.
They will take the hair cut of 40-50% and go for some creative way of
D 4 E or sell out to outsiders at a discount with pre arrangement/agreement through the consultant re D 4 E at an agreed price etc etc.

Or banks have other options.
Let us see what they come out with.

Going to the wall is not a an option for banks and SGH as no one wins whereas SGH can B saved and can again become profitable.

Now here is one v different take,
Astrologically ,if 1 H numbers come on 28/2/17, i think last 2 days action will B proved as A BEAR TRAP.
If numbers come on 27/2/17 then market reaction will be bad.
PS.
Even with 2 billion issued stock SGH can still be above 2 dollars in 2-3 years time
if they return it to expected margins.If they restore growth too then it will B a differnet story altogether.

Expand

i just had a look at the tea leaves at the bottom of my cup Krispy - sorry but looks like it will be the 27th.

SGH Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

QPM

Queensland Pacific Metals wins $8M from QLD gov't to reach FID at Townsville chemical play – also to be demerged

CIA

Forest fires see Champion Iron shut down Bloom Lake

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 422 more messages in this thread...

First 134 Last

Add SGH (ASX) to my watchlist