I wouldn't worry the immediate trading - exit door is very narrow and of course regular jumpers @SGH. Trading can be random. But there is consistent medium term pattern there. Could be wrong.
I'd more worry:
- Quindell - is this a Terry #2 or a Grech "diamond in rough" find - some research....your view?
- debt vs. market cap and also debt vs. clear cash flow to cover and repay it prior scheduled maturity.
Plus:
- E&Y handling SHJ accounts and hence likely effect on SGH's P&L and cash expectations
If really clear view on Quindell and debt issues == good, then my view there's upside regardless of day to day trading or E&Y/SHJ onto SHG accounts impact.
I'm a bear Quindell and debt. Levitating, stock, I'd say. But interested alternative views.
SGH Price at posting:
60.5¢ Sentiment: Sell Disclosure: Not Held