Excellent insight Dr.
Anchorage have decided that the SGH ship aint going to sink soon and not before 2018 and so at a 62% discount to face value their investment is a good deal for them . So, on balance my take is a positive.
Also, I think Krispy's insight yesterday is helpful . Which insight? The likelihood that short sellers cannot easily now borrow stock and so must wait for tired holders to exit before opening fresh positions leaves them exposed to anyone foolish enough to chance a short term buy. I wouldn't rule out a cheeky broker " speculative SGH buy" recommendation on the strength of consolidating cash generation in most of not all the business units.
Incidentally, where is that ACA class action ? dying a natural death?
Yes still buying SGH
Disclosure:
SGH Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
