As expected, SRG is a leaky ship, with we pleb shareholders being the last to hear about the shocking mess the merger has created. Seems those in the know received the report a week ago and abandoned ship. This was supposed to be a merger of equals, yet if I understand it correctly the unmerged SRG gave us next to no revenue; most of the increased revenue ($68m) comes from the facades business, vs $6m from the old SRG. Plus we inherited $3.2m in writedowns from the old SRG. I bet these writedowns will continue into the future too.
Those that recommended the merger with this poison chalice need to lose their jobs.
As expected, SRG is a leaky ship, with we pleb shareholders...
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Last
$1.18 |
Change
0.000(0.00%) |
Mkt cap ! $712.6M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.17 | $470.3K | 399.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1859 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 10535 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SRG (ASX) Chart |