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06/08/15
12:45
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Originally posted by InvestorNotTrader
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Well done.
I read the Quindell article late last night prior to going to bed. Knew Mr. Market and their over sensitivity (to both negative and positive news) will create further accumulation opportunities in the morning. As tired and 3am, went to bed, and family matters prevented another accumulation after yesterday's parcel.
Oh well. Them's the breaks. Everything happens for a reason. Who knows, other opportunities (wither with SGH or other stock) will present.
Well done to those taking advantage of an Announcement that does not impact greatly on SGH itself, especially given no news yet from ASIC etc.
With all this turmoil, every official stakeholder would want to ensure everything is at least TRIPLE CHECKED "before" making ANY form of announcement - negative or positive.
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Agree with you INT! SGH's accounting premise is consistent with all other major law firms - multiply projected by likelihood of collection based on long data - not unlike a bookie really!