For medium-term growth, this stock is a winner. The Abedian family is heavily invested in the company, and they will not allow the stock to slide. They have adopted a strategy of moving the company from a pure property developer, to a funds management company which will take away much of the 'lumpy' returns as a property developer.
Also, Packer has bought in and is now on the board. There are the obvious rumours, amongst others, that Packer wants in to assist with Versace branded casinos etc.
In addition to all of this, the company is moving much of its operations off-shore (namely Dubai) which also makes it an attractive medium term investment.
Strong buy.
SDG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
