Today's trade took less than 5 minutes. Total Gold.
I'll tune out the noise and let the market guide me.
At current prices the Board might as well write down intangibles by $500million, cease paying dividends, sack staff to save cash & poor positive cash flow into paying off debt.
Volatility will not disappear until Truthful, Realistic financial guidance returns.
At this price only one thing matters - Proof that SGH can pay its debt back. That is the resounding anchor around SGH's share price. Instos want proof management can generate positive cashflows to do this.
Until then - guidance, noise and other rubbish not satisfy them.
Statutory accounts, decreasing debt and a swelling positive cash flow. Thats all!
I'm still a believer - but will use it as a trading stock short term. The market will give me entry and exit points.
Good luck.
SGH Price at posting:
89.0¢ Sentiment: Hold Disclosure: Held
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