So good Sohai. I am sure the above accurately represents the...

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brily

490 Posts.

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18/01/18

10:14

Post #: 30391543
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Originally posted by sohei ↑

1 - Bargain and risk have no relationship to each other. Bargain relates to value and risk relates to consequences.

2 - It is not the same company at all, rather in terms of retail holding it is a 5% rump of the Australian business, which is damaged beyond repair. Credibility, reputation, trust, and sound financial stewardship are essential for any service business - especially a legal one. SGH has destroyed any shred of this in its own business. They have done this in the full glare of the public eye and won't get it back either.

3 - By guardian with deep pockets and cash do you mean the hedge funds? If so you might want to take the blinkers off - they guard the interests of the 95% which they own only and not the 5% to which you belong, and their pockets are deep for putting money in not taking money out.

It is a mistake to assume that the interests of another party in a deal necessarily align with yours, even if it was only so by coincidence, especially when the other party is a hedge fund. And it is a mistake to assume that the hedge fund can only get a return on their invested capital by preserving SGH any longer than they need to extract their invested capital and a nice fat profit.

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So good Sohai. I am sure the above accurately represents the thoughts of many of us who got skinned by this mob. As long as the name SGH exists people will remember. Reputation is so hard to win and so easy to lose and people have long memories.

SGH Price at posting: $3.20 Sentiment: None Disclosure: Not Held
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0 Great analysis

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