SGH (ASX) I am back. So is SGH

Originally posted by Successwillcome ↑

Your interpretation appears to be wrong.

Like I said let's stick with the evidence.

https://www0.gsb.columbia.edu/mygsb/faculty/research/pubfiles/4128/Hedge fund activism Final.pdf

ABSTRACT
Using a large hand-collected data set from 2001 to 2006, we find that activist hedge funds in the U.S. propose strategic, operational, and financial remedies and attain success or partial success in two-thirds of the cases. Hedge funds seldom seek control and in most cases are nonconfrontational. The abnormal return around the announcement of activism is approximately 7%, with no reversal during the subsequent year. Target firms experience increases in payout, operating performance, and higher CEO turnover after activism. Our analysis provides important new evidence on the mechanisms and effects of informed shareholder monitoring.

1. I am a shareholder of SGH
2. Achorage (a hedge fund) apparently have bought debt in SGH
3. According to the above article 'hedge funds seldom seek control and in most cases are nonconfrontational
4. Target firms experience increases in payout, operating performance, and higher CEO turnover after activism.

As a shareholder I can live with the above.

As a non shareholder can you?

As I said yesterday.

Substance is the key

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In honour of Doctor Seuss...

Would I sell my valuable SGH shares at 34.5 cents?
No - I would not!
Would I sell my valuable SGH shares at 24.5 cents?
No I could not!
Not at 14.5 or 13.5 or even at 10 cents
Selling my SGH shares to me just makes no sense!

Just you watch, in a flash soon 3 bucks they will hit
Or all of my scholarly research will prove to be sh.t
At 9.8 cents I won't give them away
At 9.6 cents they're worth far more I say
Don't you know Anchorage loves us - I know that it's true
What's this... 9.4, 9.3,... wait what... 9.2!!!?

When Anchorage shafts us, right out of the blue
And takes the whole company, leaving one brass razoo
I'll be left baffled, perplexed and unclear
It seems when investing I have no idea
And all those non-holders I thought were against me
Turns out all along they were just talking sense to me

To all here invested in Gordon and Slaters
The chance may be better to get back in later
Preserve your last capital, don't throw it away
The hammer will fall, and it could be TODAY!
And perchance if you listened to the ramping some sold you
Don't come crying back here claiming NOBODY told you!

All in my opinion of course... DYOR