Thursday is going to be a HUGE day!!!, page-105

First 105 Last

Share
Profile

Follow
GC8

1,890 Posts.

3

03/09/16

14:41

Post #: 18908190
Share

Originally posted by walkingeagle ↑

"Let us move forward and take SGH to new highs to where it belongs".......

.......How exactly are "we" supposed to do anything when we have no ability to do it, dimwit?

It's pretty clear you don't know the first thing about business and you understand even less. Yet you just won't shut up.

It is always the CEO who has to take responsibility for what happens in a company in his charge. SGH's gearing was too high even before the ranch was bet on PSD, the integration of which was then hopelessly mismanaged. Skippen & Grech didn't know anything serious was wrong 6 months after the new business had been acquired FFS, otherwise they wouldn't have guided as they did, having to revise this guidance twice subsequently. The short brigade suspected, however - and were waiting. They were presented a wonderful opportunity and they fed repeatedly until they could feast no more.

In ordinary circumstances the above named should immediately have gone, but the situation was so serious and there were so many people to blame that there was no real other choice but to try to manage their way out of the hole and BH was the one chosen to lead this strategy. We still don't know he was fully up to the job but to me the signs look positive. There was (still is) a mountain to climb.

The first named two above should go as soon as the company is seen to have stabilised and is once again generating profits and cash, being replaced by a chairman and a CEO whose credentials cannot be questioned. Search parties should be out there now. AG cannot be the right man to take the company forward from here because he will be too badly scarred by his experiences and will have the wrong approach, inter alia, to risk and future strategy generally. The market will also never trust him again.

That's as I see it anyway. The world of business is an unforgiving place. It's quite amusing reading about how AG & Co haven't been given a pay rise after all. Excuse me if I ask but what were these people being paid hundreds of thousands of dollars a year to do in the first place. Are people suggesting they exercised their duties adequately when in a few short months they took the company from stock market darling to financial cripple, as a result of failing over a much longer period to appreciate that just because interest rates are low, banks are throwing money at you like confetti and you have a dream, you can go on a spending spree buying up law practices all over the place and then call it growth? It just goes to show how dim financial analysts are that most failed to see anything wrong in AG's strategy.

And if you think I'm writing this with the benefit of hindsight, ask Mel what the first thing I said to him was when SGH emerged on QPP's scene (which I was a post-Terry entrant to after the shares had been oversold). I got in too early here - I didn't realise how often the shorters would be able to reload the 16% of the shares out on loan - borrowed from institutions that only held 10% between them. Your Aussie internet brokers must have been lending your shares to the predators. Just think - investors' own shares used as weapons against them? How low can one get? Mad the brokers a few bob I should think..............

ASX regulators???? Nah..............

Expand

So why hasn't a group of investors with 5% called for an EGM......even the instos crying about their losses didn't want to do it they just sold down like mugs. For all of the talk the facts speak for themselves......another example of when push comes to shove most go hiding under their mothers skirt or simply lack the resolve to take action.

SGH Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

LIS

Li-S Energy the latest microcap to pivot to US defence market

LDX

Lumos Diagnostics surges 140% on major US contract deal

LU7

Lithium Universe targets silver boom with breakthrough solar recycling tech

First 105 Last

Add to My Watchlist

What is My Watchlist?

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)
Last $50.50		Change -0.220(0.43%)		Mkt cap ! $20.55B

Open	High	Low	Value	Volume
$50.53	$50.78	$49.96	$18.67M	370.8K

Buyers (Bids)

No.	Vol.	Price($)
1	455	$50.28

Sellers (Offers)

Price($)	Vol.	No.
$50.53	455	1

View Market Depth

No.	Vol.	Price($)
1	455	50.280
1	1414	50.250
1	10	50.000
1	445	49.810
1	800	49.750

Price($)	Vol.	No.
50.530	455	1
50.550	1512	1
50.590	577	1
50.610	332	1
50.640	479	1

Last trade - 16.10pm 16/07/2025 (20 minute delay)

SGH (ASX) Chart

Thursday is going to be a HUGE day!!!, page-105

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Li-S Energy the latest microcap to pivot to US defence market

Lumos Diagnostics surges 140% on major US contract deal

Lithium Universe targets silver boom with breakthrough solar recycling tech

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thursday is going to be a HUGE day!!!, page-105

Top Stories

ASX Market Close: Why are we red today? Because US CPI's at 3%

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Li-S Energy the latest microcap to pivot to US defence market

Lumos Diagnostics surges 140% on major US contract deal

Lithium Universe targets silver boom with breakthrough solar recycling tech

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News