True. Too true.

First 31 Last

Share
Profile

Follow
Grant62

4,941 Posts.

147

07/03/17

12:03

Post #: 23151497
Share

Originally posted by Joe Dohn ↑

Yes Grant you're correct I was looking at valuation. My brain is completely fried at the moment with stress I think. I'm having a shocker. The point still stands though that at $302,449 this is small time. It's unlikely to represent a serious player entering the market aiming to take a serious long position in SGH.

The problem with this disclosure is that it isn't transparent as you have two (opposing) dynamics at play:

UBS as (broker for) beneficial holder
- buys shares therefore increasing substantial holding
- sells shares therefore decreasing substantial holding

UBS as (broker for) shorters
- borrows then sells to increase substantial holding
- buys then returns to decrease substantial holding

Trades through UBS Securities Australia Ltd are not specified as either beneficial holding or borrowed holding so impossible to really say with any certainty which they are. Again this is definitely not a buy signal.

Furthermore as you pointed out yesterday it has been reported that Cath Evans has sold out. So someone who is part of the senior management structure and who is one phone call away from Grech has sold their holding (not to be confused with others like myself who are groping around in the dark on hotcopper). That's a very damning revelation in my opinion that speaks to the state of play within the company as far back as August last year.

Expand

True. Too true.

SGH Price at posting: 8.7¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels