Undervalued based on P/E, page-15

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Tumbleroll

3,495 Posts.

23/03/16

12:30

Post #: 17345676
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You react very aggressively to views that challenge your own.

FYI. R&W is a former SGH bull

Originally posted by walkingeagle ↑

You're a bit better than the average basher, researchandwin - what rate are you getting for your posts? Or do you think your shorts are a bit wobbly and that your definitive statements about what will happen in the future (you aren't Dr Who you know) will frighten a few more people into selling. Dream on.

How do you work out that SGH is 100% owned by the banks, when SGH would have a year to rearrange its finances if the current lenders didn't like the recovery plan? The Au side of the group is 'business as usual' and cutting the size of the UK ops would bring almost immediate cash improvement. Even a 50% dilution that gave the company an extra - say - $75m cash buffer (the share price would jump immediately on news of equity investment) would likely get SGH out of the hole it might still be in for a while.

You really are having to dredge for damaging material when you raise the red herring of class actions, foolishly claiming they are a however many billion dollar problem for SGH. Don't be silly. Who would the claim be against if you were to get your dream and the company were to cease to trade through insolvency? The answer is the same people the claim would be against anyway, for all the reasons I have already explained - the directors (under their DSO policies for making allegedly reckless statements, every single one of them covered by caveats about the future) and maybe the company's advisers (for having deep pockets). But proving individual losses with all the variables involved if the company goes on to recover would be nigh on impossible. A sharp QC would have the plaintiffs tied up in knots - it would be highly amusing to watch all the fun.

In any event, it is not an issue the company will have to address this decade. Such actions are so complex as to make them as rare as hen's teeth and very few succeed or are worth it in the end. Actions against auditors/advisers following insolvency have a better record of success but even these are difficult to prove and are often settled for small amounts, relatively speaking.

I've now wasted enough time responding to you, 'raw' (researchandwin).

Where's 99? Has he been pulled for being a vanilla with a chocolate blob? Or are you covering his shift?

Cheerio, raw.

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SGH Price at posting: 26.8¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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Undervalued based on P/E, page-15

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