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02/03/17
15:51
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Originally posted by sohei
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Considering SGH a poor investment is not about being risk averse Ausbert - it is about investing in something with reason to believe that it will yield capital growth and ideally also provide an income stream and there is no reason to believe that SGH will do either of those any time soon.
With all due respects all that you appear to be investing in is the share price itself, whilst disregarding the parlous state of the company's financials. You should ask yourself where you think that SGH are going to get the funds to service the interest payments on their debt, retire the debt, pay trade creditors (who are increasingly asking to be paid up front it would seem -which for a NFNW outfit like SGH is going to make it near impossible to operate), pay wages, rent, and other operational costs, not to mention reward the share holders.
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Agreed, can SGH really turn things around - no one can answer that for sure. Time will surely tell what the future holds, will surely keep an eye on the action until May 26th.