Unfortunatelly I was 100% right to be out of this share until clear decision about UK assets, ASIC and so on.
I wrote that and I alerted that some guess (like 150M impairment was far from the reality) and also I mention that I was not holding or shorting.. meaning.. right or wrong my content should be consider as honest.
ok-having said that, and now ?
My view is we run a risk of a second wave of sell and the current level 0.60-0.65 become in 1 week 0.50-055
Exist one aspect that will put all investors(big ones) 100% oput of this share..
The fact the business MUST perform implies clearly the Banks is saying... Look..no more money, if you prove we ok, if you don't,sorry, we will bankrupt you.
Im not sure how is realistic dream with a take over,because should cost fair money for "unknown end result. This also sounds to me,outside the table..
To the ones that bought in levels of 2,3,4 etc (not advise) I don't see the reason to sell. Most of loss is done..
To the ones with minor losses honestly ?(not advise) I can;'t see any real reaction before April.
Good luck to all... I decided just forget that share and search elsewhere opportunities
Cato
SGH Price at posting:
66.5¢ Sentiment: Sell Disclosure: Not Held
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