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15/03/16
13:51
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Originally posted by Alex999
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I've been opposite of evasive - I have explained it about 6 times.
My commentary has been spot on, ahead of time and going against 99% HC posters @SGH. I think I was the only HC poster scored "6/6" on the main headline points of the recent H1 news. There was a reason for this: it's called time spent and insight in research, which has been in a way easier than usual to do here.
But unless commentary fits your preconceptions - I bet you thought Mighty was a genius - it's not intelligent. With this kind thinking you're destined to make some big losses on equities. One of first precepts good investment is seek out and question views different from yours.
For example, you could post "talent/client mobility not an issue at SGH because X Y and Z, based on my research". That would be interesting and worth discussing. But it would require you to have done your own research, which you don't to seem to have with a mushroom strategy of "see how it plays out".
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I think you will find my estimate for writedowns was quite accurate being about 85% psd asset value. I think i recall saying approx 800 mil. The cashflow surprised me though.