Share
1,692 Posts.
lightbulb Created with Sketch. 84
clock Created with Sketch. 10/01/16
07:58
Share
Originally posted by tpf3891
↑
There is nobody to rescue except yourself. Whether that be to make money or loose money, nobody in the share market thinks or cares about anyone but themselves. The fund managers are basing their actions on the same "facts" that everyone else is. Their plan is to sell, create fear, drive the price down and then scoop up at a ridiculous price... like high 50c. If people actually stuck to the facts instead of being clouded by constant negativity then the price should be no less than $1.00. If S & G can't be sure at this stage of guidance / cash flow forecasts, then how the hell are Fund Managers to know any better. This thing is being driven on total fear and panic driven by various issues that people just don't fully understand. S & G are not in the business of selling widgets on 30 day terms, this is a complex business with mountains of legal cases and it can take many many months for cases to be resolved and settled, very hard to forecast. Therefore while cash flow maybe unexpectedly negative in 1st half it could be hugely positive in 2nd half, especially given the recent acquisition hasn't had any time at all to bed down.
Expand
I bet people were posting very similar about Babcock and Brown - Do you trust management based on the last 6 months performance on their comms? Do you trust mgt forecasts? Do you think they will make 2H cashflows higher than the last 6 yrs combined? (This was their forecast). If you do then youre a braver man than I
