SGH (ASX) SHG Value

Originally posted by walkingeagle ↑

As you continue falsely to present yourself as something you are not - ie knowledgeable and sincere - I will continue to present you for what you are, which is a disingenuous individual with an agenda that is certain to cause others loss if they listen to anything you say. You are a small minded individual who will remain so, morally, intellectually and financially, for the rest of your life, because that is what happens to people like you. It is inevitable

As you have told written lies about me, SWC, I will correct the position for the benefit of you and others. I quote only facts.

My apprenticeship lasted 32 years in 4 different UK and overseas offices of a major accounting firm before I chose to retire from the accounting profession to pursue different goals, which didn't include the accumulation of large amounts of money because I had already achieved that particular objective. Coincidentally (was it?) I continued to be financially successful after retiring from the profession by investing wisely and skipping a few years of procedural stuff, I now own a principal's interest in a company I formed with two scientists which owns patents in the life sciences field that protect our IP in all key global territories. What we have spent on patent procurement so far is more than 10 times the value of the 'investment' I made in SGH (on which I lost about 50% - would have been more but exchange rates went in my favour). One of the patents has already been licensed to a key global industry player. I have finally found something that beats accountancy (which required me to go into the office before lunch on some days towards the end - I got bored with the lack of challenge). What beats accountancy?? Patents - because royalties come in even when you're asleep.

I invested in SGH only what I had gained from an activity I rarely pursue, which is short term trading. I made about £40k after buying QPP shares after Terry had gone ( I wouldn't have touched the shares while he was there). My entry point was about 40p and I bought more when the price fell into the 20s. SGH came along and I banked the profits. I thought I could repeat the exercise with SGH, whose balance sheet I knew was under strain even before the PSD acquisition because shorters were crawling all over it, but I got stuck as the price continued to fall. I eventually sold at a loss, which might have been a lot to some others but was the equivalent of a pin prick to me.

I remained interested because it is a fascinating story about all kinds of things. It was only going to have one outcome after the banks sod their debt to the hyenas. SGH was going down.

SGH IS going down - and you're going down with it, SWC.

I find it hilarious.

How much are you making here, SWC? Are you still buying? The scholars' models shows SGH to be a very valuable company with a very good future. It is totally in control of its own destiny and could never be viewed as being unable to pay its debts as they fall due - even if Anchorage Capital asked it immediately to pay back the $850m it owes.

SGH is a very good investment indeed. You are an extremely intelligent individual SWC. Your knowledge and talent are wasted on forums like this.

Expand

I don't believe one word of what you are writing.

You make a lot of statements but there is no evidence.

Do I really want to give away Slater and Gordon UK?

Do I really want only 5% ownership of Slater and Gordon AUS?

When we know that we now are in a reasonable cash position?

When we know we have a $1billion lawsuit against WTG.

When we know we have NIHL in the UK which could be worth $100s of millions with most expenses paid?

When we know the lenders deliberately do not want to give us the current information about SGH?

I am a shareholder and you are a loser.

I vote and you do not.

I vote NO to the American lenders and NO to the SGH board.

And there is nothing you can do about it.

SWC has spoken

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(20min delay)
Last $51.97		Change 0.210(0.41%)		Mkt cap ! $21.11B

Open	High	Low	Value	Volume
$51.78	$52.16	$51.65	$6.695M	128.9K

SHG Value, page-239

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