"It is a plaything of day traders and less sophisticated retail investors punting on a miracle turnaround."
At least the AFR didn't say "retail mugs".
Chanticleer got it almost exactly right little bit ahead of time about the size of the UK write downs. Remember y'all rubbished Chanticleer at the time - when I was saying then he's nailed it.
Based on accuracy of that story, I suspect Chanticleer has a confidential source in one of the banks or one their advisers.
This is a positive story and I strongly suspect Chanticleer has some "early mail" again.
He's right about one thing the banks have no real choice but to support unless things get to point where more capital required. My read on story things not at that point, which is good news. Long way to go, to be out the woods, but this looks positive. GLTA.
SGH Price at posting:
25.0¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)