Australia's largest stock trading and investment forum Australia's #1 stock forum

SGH

Click for more information

0.00%

54.5¢ slater & gordon limited

Broker Data, page-458

First 458 Last

Share
Profile

Follow
brad0990

3,333 Posts.

115

30/03/17

05:32

Post #: 23725053
Share

Originally posted by Joe Dohn ↑

Lol Brad, I can see why you generally keep your posts short and sweet ... best not to tell us what you really think. Putting aside the trading complexities such as staff purchasing with insider knowledge (jail time):

Sgh share price is still price for failure or 99.9% share dilution.
So at 13 cents SGH is priced for 99.9% dilution. So you're suggesting that everything being equal the share price before 99.9% dilution should be 0.13*1000 or $130 per share. Really?

The share price will follow the story, and this story is about to improve dramatically from the last couple reports.
Is there really any real evidence to support this? HY16, FY16 and HY17 have been woeful and now the company needs further (new) working capital to continue operations not to mention that they were about to breach their banking covenants at the end of last year. How exactly is the situation about to improve dramatically? Because the board said results will be skewed to the second half? What happened to 'on budget'?

So to your question gekko, the positive news will be the very complex deal Sgh negotiates will include shareholders do survive with dilution kept to a respectable level anything else would ruin the reputation on the brand.
So the damage to reputation that has been done from ca.$8 all the way down to 8 or so cents means nothing. What's really important though is if the share price moves from 13 cents to 5 or maybe 2 cents or even lower, because that is what will ruin the brand.

As you have pointed out today insurance companies that have held back payments are about to be kicked up the rear end, esrow,
No Brad, insurance companies don't hold back payments. They choose either to settle or to reject the claim with the matter then going to court if the claimant thinks (or more likely is advised) it is worth taking the matter to court. I'd suggest that the longer and longer that insurers do not settle NIHL claims the greater the likelihood that SGH won't even be to meet the industry average (success rate) for such claims.

I think investors are not taking into account since Sgh borrowed money interest rates have dropped dramatically around the would with a flood of Cheap money ( Sgh like a gold mine compared to subprime) and overseas banks have less regulation it will allow them to be more flexible with the terms.
So investors have taken into account 99.9% dilution and factored in every possible convertible note/warrant scenario but can't get their heads around interest rate movements. That's before the realization that cheap money does not exist for SGH at this point.

Seriously Brad you continue to try to push sh*t uphill with a stick. I genuinely hope that you can make some cash from trading SGH to offset your losses but to post complete garbage like the above is just completely dishonest. What makes it worse though is that I think that you are smart enough to know better.

Expand

The post is just my opinion joe. yes my posts could be presented better but I type a few thoughts on my iPhone to answer a question, no big deal.

SGH Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

There are more pages in this discussion • 3 more messages in this thread...

First 458 Last

Add SGH (ASX) to my watchlist