SGH 0.00% 54.5¢ slater & gordon limited

Broker Data, page-457

  1. 213 Posts.
    Lol Brad, I can see why you generally keep your posts short and sweet ... best not to tell us what you really think. Putting aside the trading complexities such as staff purchasing with insider knowledge (jail time):

    Sgh share price is still price for failure or 99.9% share dilution.
    So at 13 cents SGH is priced for 99.9% dilution. So you're suggesting that everything being equal the share price before 99.9% dilution should be 0.13*1000 or $130 per share. Really?

    The share price will follow the story, and this story is about to improve dramatically from the last couple reports.
    Is there really any real evidence to support this? HY16, FY16 and HY17 have been woeful and now the company needs further (new) working capital to continue operations not to mention that they were about to breach their banking covenants at the end of last year. How exactly is the situation about to improve dramatically? Because the board said results will be skewed to the second half? What happened to 'on budget'?

    So to your question gekko, the positive news will be the very complex deal Sgh negotiates will include shareholders do survive with dilution kept to a respectable level anything else would ruin the reputation on the brand.
    So the damage to reputation that has been done from ca.$8 all the way down to 8 or so cents means nothing. What's really important though is if the share price moves from 13 cents to 5 or maybe 2 cents or even lower, because that is what will ruin the brand.

    As you have pointed out today insurance companies that have held back payments are about to be kicked up the rear end, esrow,
    No Brad, insurance companies don't hold back payments. They choose either to settle or to reject the claim with the matter then going to court if the claimant thinks (or more likely is advised) it is worth taking the matter to court. I'd suggest that the longer and longer that insurers do not settle NIHL claims the greater the likelihood that SGH won't even be to meet the industry average (success rate) for such claims.

    I think investors are not taking into account since Sgh borrowed money interest rates have dropped dramatically around the would with a flood of Cheap money ( Sgh like a gold mine compared to subprime) and overseas banks have less regulation it will allow them to be more flexible with the terms.
    So investors have taken into account 99.9% dilution and factored in every possible convertible note/warrant scenario but can't get their heads around interest rate movements. That's before the realization that cheap money does not exist for SGH at this point.

    Seriously Brad you continue to try to push sh*t uphill with a stick. I genuinely hope that you can make some cash from trading SGH to offset your losses but to post complete garbage like the above is just completely dishonest. What makes it worse though is that I think that you are smart enough to know better.
 
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