"Someone/something has rattled ASIC's cage - why now? We'll...

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yensog

515 Posts.

21/12/16

12:58

Post #: 21486665
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Originally posted by denbo ↑

Well, much as I'd like to agree with you, I'm not sure about this.

Like the Tax Office, ASIC is almost law unto itself - mostly.

When it chooses to wave it's big stick you don't want to be in it's sight - it's got the 'law' behind it.

Part of it's duties are those of a regulator - whether it's any good at forensic regulating is something else - but it created more 'rules' and 'guidelines' than anyone can keep up with - it's so out of control in this area many of it's 'rules' are conflicting at worst, confusing at best.

Now, no matter what the outcome of this investigation is, there's no smoke without fire.

Someone/something has rattled ASIC's cage - why now? We'll never know.

Timing's too convenient IMO

Anyway que' sera sera

SGH BOD need to have their backsides covered on this one - they're individually responsible.

I'm sure they have - and I'm hoping this is no more than the campaign that's been raging last 18 months by the people who really pull the strings.

But, if ASIC gets it's teeth in - even if the end result isn't worth the hassle, it'll be hanging around SGH like a bad smell for ages.

One day, they're going to want to make more dosh, on the way up again, and suddenly things will change and SGH will be the blue-eyed-boys again.

Can't be too soon for me.

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"Someone/something has rattled ASIC's cage - why now? We'll never know."

My thoughts exactly. Buyers have bought 4.4M shares so far today. With the number of cross trades taking place, broker buys and volume traded some major body is buying. It makes me wonder if major brokers have anything to do with this ASIC inquiry. Do they know something about the financials that we don't? Is this manipulation to buy cheap and make a bigger profit when the financials are released?

Hmmm!!!!!

SGH Price at posting: 25.3¢ Sentiment: Buy Disclosure: Held
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