SGH (ASX) Ann: Becoming a substantial holder-SGH.AX

Originally posted by researchandwin ↑

I would have very little to say if people on here did not spew absolute rubbish out every day on how wonderful the world is in SGH land.

I have countered many arguments and false statements made by the Bulls without any valid retort at all.

I once was an SGH Bull, objectively countering guys like Alex who respectfully engaged in a differing of opinions. This changed as the truth started to emerge and it became evident that shareholders had not been made aware of the real circumstances within SGH.

I still look at SGH objectively. If I could see a logical process of resolving their current predicament without being de-listed and going Private I would say so. I don't subscribe to the behavior of adopting a one eyed view on any stock.

I've also made a habit out of making the right calls, which is why I spend most of my time trying to improve my Golf game, rather than spending all my time on HC poking holes in the irrational beings that often preside here.

When I read gross misleading statements like "The Banks have no choice, but to support SGH if they want any of their money back", I invariably do my best to pull it apart and show it for how stupid it is.

Who knows - SGH may survive and flourish as a listed entity - but not in the foreseeable future, based on the weight of evidence published thus far, the loss of key staff and the lack of any institutional interest.

Peace and try and get a better nights sleep.

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Hi researchchandwin I agree with what you say but just curious why you have so many posts lately on SGH and are not a holder or intended holder.
Last year what drove us to dump our holding was constant murky information , just one situation after the other as well which didn't augur well for the future. ASIC inquiry then the UK operations bleeding cash and no strategy in how to correct that situation except it should be better next time. The real comment that made me fall out of my chair was some analyst predicting before the AGM the SP potentially hitting 20$ a share. The AGM made us make our minds up and sell at a loss, a broker called me a raving lunatic for doing so that is selling at 2.68, we had a large position at 2.84.
Still I have a look occasionally to see if a miracle is about to happen and they carry out the near impossible . The only miracle I can see at the moment is they still have their head above water.
Debt is an issue and nobody has ever mentioned the morale in the company , it certainly must be tested at the moment.
Still I wait on the sidelines just to see if a miracle takes place then I will enter again