A number of brokers whilst remaining bullish on SGh reserved their judgements on 1) release of annual result 2) outcome of ASIC review
With 1 out if the way some of the investors have waded in (I suspect some are still digesting the result and Next week's trading should be a key test) completion of 2 should light the fire under the share price. On another note the sale by fidelity Asia is in my view representative of the predicament of investors in SGh. They recognise the value in the company but feel compelled to sell because of intense speculation. Good media work by the shorties. I have traded in and out in the past. Reloaded and am looking for positive share price reaction next week
Dyor
SGH Price at posting:
$3.12 Sentiment: Hold Disclosure: Held