SGH is a mess - what a disappointment, page-90

I'm not sure things as rosy in SGH as you'd like to think right now.

In fact, I'm pretty sure they're not - but that doesn't mean it's the end of SGH - what doesn't kill you makes you stronger.

As I said in a previous post - since the message given at the time of the AGM, SGH has stated that business everywhere is 'down' and cash-flow isn't what was expected.

They re-stated that last week. Despite the waffle and flowery language - nothing's changed.

All this BS about 'strategies to fix the problem' are likey mostly that. Looks at the bulldust they came out with ...

'A performance improvement program is underway in Australia ... ' is that staff bonus scheme they came out with last year - i.e. bleed the cusomers we got for more. (You want fries with your divorce? - what about a new will?).

IMO simply, they're spending more than they're making.

Any business person knows that can't continue - fortunately the solution is simple - stop doing it. Right now, SGH isn't the cash-cow it was - it might be again, but it isn't now.

So, unfortunately, the knife needs to be sharpened.


Are they up to the task? - well, I used to think they are but sadly, (something else I might have got wrong in the past), it doesn't look like they are.

No matter what anyone WANTS to think, you can't deny the score on the scoreboard - it's Results Nil Confidence Nil

Now, it could be everything I've said is rubbish, because no-one really knows what goes on behind closed doors or what the situation really is.

And, I hope I am wrong and you're 100% correct.

But until something definite comes out, either way, SGH is a manipulators dream.