What a rant from someone apparently with no attachment to this SGH share of ours.
Pressure must be on?
One must wonder why a poster like you will spend all this time on a stock you are not attached with. What is your incentive?
I will forgive you on this occasion as personal attacks are not on my agenda today.
There is always a risk when getting involved with shares. If there was no risk then no opportunity for good returns.
In this case the share is traded at $0.265.
What do I get for that;
- part in a $900mil+ revenue international leading law firm
- a company that is 'on budget' according to management
- a company that has main banking syndicate support as per latest announcement
- a company that has passed the 'greatest risk' phase of a major restructuring and business improvement program which has been paid for mainly out of own generated cash flows
- the restructuring and business improvement program when complete may create a material competitive advantage in relation to competitors
- a company that is hiring permanent NIHL post settlement staff in the UK (this portfolio alone could be worth $100mil to $200mil)
- a company which in the UK have 98% of clients recommending us
- a positive Barrister's opinion in relation to escrow money worth 50mill British Pounds.
Then the unknown in relation to our major UK purchase from Watchstone. Are we going to sue Watchstone and/or our external due diligence high profile advising specialists (if going ahead on this and if successful then it could be worth multiple $100mills)?
Based on the above alone I will NOT SELL my SGH share. My investment is long term.
2017 h1 results may get released any day.
Let's wait and see what they bring?
I could be sitting on a goldmine?
I also need to remember the market rule of supply and demand. If I don't sell my SGH share and others do the same the price of SGH will go up as there is less supply
My 'team lift' is not to sell my SGH share at any cost.
Time is my friend
Any investor will invest within own needs, circumstances and risk profile.
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