SGN stw communications group limited

full year results this thursday 11/2, page-3

  1. 290 Posts.
    I believe in this stock being worth about $1.50.......but I would never say it's a strong buy...I own it

    Management has been incompetent for quite a while now, using borrowed funds to buy digital media assets at top of advertising cycle.....'last payments not yet even made!!

    Culminating in the despicable.....absolutely criminal rights issue at 48 cents, less than a year after buying back stock at $2!!!!!!!!!!!!!!!!!!

    Yes management is incompetent for what is actually a pretty good business, with a lot of debt attached to it by the imbeciles in charge!!!

    Anyway, if you take the debt into account, the stock is actually not that cheap..........but......I think if those in charge quit wasting shareholder funds and pretty much do nothing.......the underlying dynamics of the business will shine through

    Which should see a share price round 1.50-2.00, especially if, heaven forbid.....management presides over a year of organic growth without acquisition funded by debt!!!!!
 
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