I have been writing here again and again that SGH management knows something that we dont know.
This is gr8 news.
1 H was an abberation though.
Normalised profits in 2 H can B way way higher Vs 1 H. "The accounts show UK fee and service revenue was up 51.2% from £101.7m to £153.8m.
Before the goodwill impairment and tax, profits were up 14.1% from £20.4m to £23.2m."
These numbers for UK are for six months but many agree that during these 6 months productivity in UK was for 4 months.
So 2 H can deliver lot better numbers for UK operations and for SGH as a whole.
I feel strongly that with coming ANN we will see the poison pill for ghost stories that have beeen spinning around re SGH and destroyed its stock price.
SGH Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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