I must admit I am getting very upset with the posts I'm reading on here. Mighty, I can understand why u have stood down from this site. I am very close to joining you.
The share price drop is a complete over reaction to what I believe is due to a 'fictional' value called impairment. OK the banks do need to cover their loan and S&G are doing that. Look at the figures - Cash at end of half-year was $51.89M.
Every business that has made acquisitions (in this case over $1 billion) has issues for the next 12 months. Those who are long there is no reason to panic and sell at a loss. S&G will sort the main issue (BANKS) out.
I have a lot to say, however, my ignore list is too large now so its time to become a spectator occasionally.
I'm here for the long term and I know I will reap the benefits in the future.
Please read the data below without the impairement: -
SGH Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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