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

SGH

0.00%

54.5¢ slater & gordon limited

Bulls have tried to dig in today. It just has been uninformed...

First 111 Last

Share
Profile

Follow
TechnicalsSayItAll

1,296 Posts.

02/03/16

12:31

Post #: 17165205
Share

Originally posted by TechnicalsSayItAll ↑

Read the above post very carefully if UR an investor or a prospective buyer of SGH share. Then make up UR mind with the information U already have .
Shame how fear is being played with naive investors .
LT investors got to remember that BANKS ARE still in till April 2017 end and cant call the loan B4 that.
How come analysts and investors don't remember that.
That is decent period to sort things out.
What i reading is people misunderstanding and misreprepresenting OPEX cuts.
OPEX cuts means no cuts of employees in Australia nearly.
Then people R being scared to wits if we make people redundant this will happen that will happne.
I use to work in an industry and a company rstructure would happen there every 3 years.
nearly similar type of industry in a way.
nothing happened.
what does a company lose by sheddingoff/closing loss making units,
Nothing.
It gains by losing its loss that it was making.
Restructure will have big time in UK.
All will B sorted out.
SGH will survive.
Banks will continue to support till April 2017 even if no agreement is reached, which is highly unlikley.
Agreement to extend the finance will be reached.
Do not forget. SGH is 1 billion dollar revenue comoany and can B managed for 25-30% margins and should B managed for that. simple.
Technicals and AG will have the last laugh in a couple of months.
Dont fall to the trap of bashers spamming the board re banks pulling the plug.
Banks R in till April 2017 even if there is disagreement with the OPEX and restructuring plan.

Expand

Bulls have tried to dig in today.
It just has been uninformed momentum selling having domino effect considering the price action and volume yesterday.
If volume is lower today then we can confirm selling exhaustion.
Thick wall of support at 30. Huge resistnce at 35. can change...

SGH Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%