Ann: Change of Director's Interest Notice - John Skippen-SGH.AX, page-62

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BarrenBuffett

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07/09/16

14:17

Post #: 18994479
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Originally posted by denbo ↑

If SP activity is any illustration about investors perception of SGH right now, then I'm a 'guessing SGH is seen by people not on this forum as a waste of time.

Right now, I'd say, this HC forum is almost like SGH's last bastion of positive opinions about it's future.

The current 'activity' suggests that last week's announcement, rather than put a positive spin on SGH's immediate future, did the opposite. Last week's retreat into the '30's wasn't encouraging, no matter what it was driven by - I think we was all expecting the SP to head to the 50's at least.

And, since last week, nothing happening.

Which is a bit odd - as most people on this forum agree SGH is a good LT investment - as it can only go one way - and that the current SP represents a bargain.

So, has anyone got any ideas why volumes are so low?

Seems Mr Market sees SGH as a dud right now - not a bargain.

And, maybe the sentiment on this forum is wrong.

And, the way I see it, until something substantial happens in SGH-land to crank things up, nothing's going to change.

Just thinkin'.

Are we having fun yet?

Expand

Petty much everyone here is an opportunistic buyer no matter how they want to dress it up.

the risks are massive and everyone is gambling big time.

This is no longer a stock for the sensible people - the debt levels are at crazy levels enough to drive any sane person away. No matter what anyone preaches about future magic wands clearing all the obstacles - everyone is to some extent extrapolating any bit of positive information they can hang on to.

If this indeed become a Disallowed in due course - I doubt many current holders will be holding it till that far - they would abandon ship much earlier as soon as they have made their 50-100%

There is no fun left in this. This is a SAP ride.

SGH Price at posting: 44.0¢ Sentiment: None Disclosure: Held
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Ann: Change of Director's Interest Notice - John Skippen-SGH.AX, page-62

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