Mel,
your oft repeated underlying $180m FY profit for 16 is a long shot and putting a lot of faith on Morgans and management commentary.
From my numpty spreadsheet - I'm leaning more towards a $130-$140 FY profit (i.e around 65-75 mil for the 2nd half FY16) but it does require significant cuts to costs and for a period of office closures and employee redundancies - it is a difficult task to achieve. And we also dont know what other clangers are in SGH store for us.
For all money - SGH has thrown the kitchen sink of write-offs in the first half to get a clean slate presumably. I just hope that the bath tub and outdoor pool are not next in line for this half.
But anyways - great palm reader and astrologer Peter So has predicted great fortunes coming my way this August/September so I'm keen to believe in the SGH story. He correctly predicted that in Lunar April I would have "unexpected income" separate from my wages materialize.
I won Lotto.
$22.50 i.e
SGH Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
