There is a suggestion in a news report I read that this could be party of a strategy by SGH to appear to have nothing of any value 'grabbable' by MB in a CA and that, it's hoped, MB will pull the pin on it's CA because there's nothing to be had.
This might suggest that SGH expects a bad judgement in a CA.
Also - there's the ASIC thing which, if ASIC reckons it's got a case could mean SGH insurers pull the pin on it's cover - in which case MB, in turn, intends to pull the pin on it's CA because, once again, if there's no insurance payout to be had, it's not worth going after individuals, ( who, it turns out, have sold their house assets).
So - maybe there's more to this schmozzle than initially meets the eye - and which no-one will ever know the full story about.
All I know is that SGH SP isn't much lower right now than it's previous bottoms, the last one on Jan 5th. after it's announcement on 28th. December 2016.
So - wait and see, but I'm the first to agree that, also, could be a mistake.
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Last
$51.71 |
Change
-0.250(0.48%) |
Mkt cap ! $21.04B |
Open | High | Low | Value | Volume |
$51.67 | $52.23 | $51.37 | $14.44M | 279.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1552 | $51.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$51.97 | 1494 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1552 | 51.650 |
1 | 572 | 51.610 |
1 | 455 | 51.580 |
2 | 478 | 51.550 |
1 | 501 | 51.520 |
Price($) | Vol. | No. |
---|---|---|
51.970 | 1494 | 1 |
52.000 | 181 | 1 |
52.010 | 569 | 1 |
52.040 | 454 | 1 |
52.070 | 476 | 1 |
Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
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SGH (ASX) Chart |