Who the hell is buying ??, page-57

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HAC30

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16/02/17

19:23

Post #: 22679942
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Originally posted by milesy ↑

SWC and Krispy

Get off HC for a while and actually read the last two market sensitive announcements by SGH. I've read them both dozens of times, and the impression I had from my first reading of each has not changed. Read them like you don't own any shares yet, but are considering buying in now.

I actually believe those announcements are the most honourable things management have done since this debacle began.

I don't think the BOD could have spelt out any clearer just what a dire situation the company is in, and I believe it is saying we are sinking.

It reminds me of the line in the movie Titanic, where she asks if the boat will sink and he says it is a mathematical certainty. It still takes a long time for the ship to go down, but luckily many had time to get to lifeboats by then. Others were left on deck playing music until the last moment.

If you had of listened to their first warning on 28th Dec, you could have had 25% more capital than now by selling into the small share price rise.

Not listening to this last warning, which must be based on actual results for the last HY and after its presensation to the banks, may cost you an awful lot more.

It could not be simpler....debt greater than current EV, with more write downs of goodwill expected and continued negative cash flow as operations in both the UK and Australia fall below expectations again.

How can you paint anything remotely positive out of that?

Milesy

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Mate, its more like the Costa Concordia.

AG is useless and has no spine. He has said as minimal as possible knowing this was the case for some time. A lot of people here struggled to connect the dots, some buying more recently. He had an obligation to keep shareholders informed and failed miserably. They should have responded to media 'speculation' now proven to be true a lot earlier.

SGH Price at posting: 20.0¢ Sentiment: Sell Disclosure: Not Held
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