SGH (ASX) Don't kick an own goal!

Originally posted by prosperman ↑

I wonder how many where saying the same thing about Dick Smith`s before xmass.
A terrific Australian ,none of us know his mindset--how many personally know S & G management??,
very few I presume ! One thing I do know the S/H will be the last to know,those who do not believe this,
dear I say--"are young & naive""--everyone has a past and S & G has not always been glitter.
GL--as S/H bag those who ask--why are you so positive when S/P has gone from 8.30--90--8---75.5c.
While every holder should shudder--institution(sophisticated investors they are commonly known) have excess to a lot more info than most & they have bailed?? For those that think the ship can still sail--I hope the rudder is not shot ?
Many times investors have blind faith--when those you have invested in show little faith--except to themselves.
As most investor maybe drinking tea & coffee--fear not the S & G MANAGEMENT will still be drinking champagne.
At least have the sense to call it what it is--in any one`s sense a complete PR disaster & shambles !
When the S/P goes down to 59c--will the faithful still be the faithful ??????????
As the song goes--"one has to know when to hold & know when to fold".

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Or when to enter - give it break -

Clearly at current share price and market valuation this is much better risk reward equation given:
a) all the bad news factored into the share price and most commentators agreeing at these levels over done
b) key management (cfo) and board changes
C) informed in public asx release that uk operations expected to be cash flow positive and continue in upward trajectory till end of financial year (think about it - with all the past dramas and class action noise would they really put that in a asx release of were not confident based on current info to hand that this will happen)
D) current maket valuation is less than value of oz business ie assumes uk operations will bleed cash when as per c) told no longer the case

And best you can do is to say share price fallen 90% so therefore you don't equate that this represents better risk reward equation than when at $8

This seems really hard for you to understand and really not that hard for those who want to understand - which clearly excludes you