The SGH shareholder ship is full of those sinkers, on my observation.
They rampagingly excited that the stock hasn't made new lows since March. They assume UK PI market virginal, assume lenders are softies, assume Slaters Australia charging ahead, and broadly take the view "in management we trust" - give uncritical benefit of doubt, so some sink >20% their liquid equity portfolio into this one mangy stock! The risk appetite!!
It may feel smooth sailing and all good for now. But some nasty shocks next months coming up.
I'm predicting, maybe optimistic, it will take months to actually go to zero. So months of discussion and betting and fun still to come on my view.
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