SGH 0.00% 54.5¢ slater & gordon limited

Banking Syndicate Approval - What has changed since?, page-23

  1. 3,495 Posts.
    The Sp hasn't "bounced nicely" between 38 and 60 because of magic, Bert. And just because it happened before doesn't mean it'll happen again

    Those little rallies you base your theory on were fueled by share holder optimism and expectations of the company's improving fortunes. Grech kicked the life out of these hopes. Who would plough hard earned cash into SGH at this point in time? Who are these mysterious "strategic investors" you refer to??

    Do you really think a recovery is on the cards Berto? Really?? Look around you, dude! Sentiment is sickly. Volumes are wasting away. Momentum is languid.

    While the Sp may grind up a few cents here or there, based on the ebbs and flows of TA dynamics, the notion it'll somehow claw its way back to 60c anytime soon, in the absence of a material positive development, is just folly. It's wishful thinking mate.

 
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