Yes you wonder with these sort of big lump sum wins noting SGH has a lumpy revenue business with big litigation outcomes like this - that does this mean its bargaining power for recapitalisation negotiations improved? Not saying of course Anchorage and co don't hold most of the power but perhaps just a trickle leaked back down to SGH at the bargaining table perhaps for recapitalisation discussions?
I am just waiting to see what outcome of recapitalisation is as we were told this was weeks away in May so soon we should see announcement on outcome as to what is agreed?
Too hard to work out what could be the actual outcome so yes I just wait, watch and will evaluate once see what has been agreed as far as recapitalisation......
Could SGH yet pull a rabbit out of the hat.....a few more manus island class action results and maybe it could...as maybe its prediction of improved H2 cashflows was more accurate than led to believe.....
SGH Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
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