I am back. So is SGH, page-1972

First 1972 Last

Share
Profile

Follow
aussieman69

1,986 Posts.

14

04/07/17

07:12

Post #: 25644675
Share

Originally posted by walkingeagle ↑

"My share investments are long term and this one is no different"................

.............yes it is - it is as different as it possibly could be.

I have increasingly come to the conclusion you don't have a clue about anything to do with business, investing and quite possibly anything else. If I knew and understood as little as you clearly do, I'd be inclined to hide in a corner and hope no-one asked me what I thought about anything. That way I wouldn't show myself up. As it is, you are a danger to yourself and all others who listen to anything you say. You have caused untold financial damage to anyone who was naïve enough to have heeded anything you have written on here ever since you first started posting. The clear evidence is that you have called this share - and the direction it is still heading in for totally understandable reasons - consistently wrong.

Shareholders are totally and utterly in the hands of Anchorage Capital who can do anything they want, because they have total control. If their proposals are voted down, it will be the equivalent of turkeys voting for Christmas. If shareholders accept, they run the risk of the company being taken private and left holding shares they have no market to sell them in; so any offer AC makes to buy them will be better than nothing. It's called 'Hobson's choice'. All value has gone for present holders because SGH couldn't open its doors for business without AC's money.

My guess (it's all it is) is that Anchorage will quickly get rid of the remaining 4%, who will be a nuisance to them, by taking SGH private, before then taking steps to get some sort of shape to the business in order to be able to IPO it some way down the line. Employees can be incentivised with shares in the IPO (if they choose that route - trade sale of the different parts is also an option but AC won't want to share the spoils.

One thing you can bet your bottom dollar on is that no-one wants your shares. The declining price (it's still way too high considering what's likely to be in store) is telling you that.

Not that you'll understand because you think SGH is a good long term investment.

You couldn't make it up. The bottom line is that insignificant minorities aren't worth the paper they're written on when one shareholder (or a group acting together) control the show. End of story.

all imho

Expand

If AC have 96% shareholding of SGH Mark 2 in listed form, under compulsory acquisition can they acquire the remaining 4%? That is, dilute the company to below 10% holding for SGH Mark 1 shareholders so as to apply the compulsory acquisition rules going forward. Just asking as I've seen it apply in takeover scenarios.

SGH Price at posting: 7.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

There are more pages in this discussion • 115 more messages in this thread...

First 1972 Last

Add SGH (ASX) to my watchlist

I am back. So is SGH, page-1972

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News