Looks like sometimes people R compelled to post stale news articles that have already been posted on the board ten times.Makes one wonder what their motives R.
Dividend will be when SGH shoots up above 100 quickly and then keeps racing up. 10 cents dividend will look like pea nuts.
TechnicalsSayItAll said:
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GR8 observation. After it fell from 27 and hit 22-23 and bounced , we saw nearly 20 million shares volume go through.
All vk hands are out and sharks are in.
We can now be rest assured that news coometary and news flow will get v positive re SGH that how it will survive BLAH BLAH BLA.
PS.40-50% owned by SGH STAFF and management.
nearly 135 million shares traded during the last 3 days that is nearly 40% of total issued stock. Wash out was brutal. It was meant to dislodge even the most stubborn BULLS and cause tired BULL LIQUIDATION.
It happened.
More so the wave that they created on break down from 27-28 after causing breakdown of 30. They were not happy with the low volume breakdown of 30. so they triggered further down and swallowed all the 25 million or so shares of SGH.
Now starts the real game as to how good SGH is and how it can transform as all poor retail is killed without any mercy. That is the way of the markets unfortunately.
Now here R some facts which may SHOCK the bashers.
Had another look at the 1 H numbers.
NET ASETT PER SHARE SGH is 1.15 dollars.
This is after considering the DEBT from banking syndicate and impairmaent of nearly 900 million dollars .
Amazing stuff.
Here is another thing to consider. This 900 million or so impairment provides a tax free cushion ( excuse me i am not a corporate taxation consultant) according to my commonsense understanding against a future profit of 900 million dollars ............making tax payable in future yrs agianst profit of 900 million dollars to zero.
This 900 million dollars is again a embedded value of nearly more than 1 dollar per share to SGH stock price.
If u add that to 1.15 it makes for SGH worthy of more than 2.5 dollars in terms of its real value.
Mostly good stocks sell at 5-7 times of their net worth.
As far as OPEX is concerned, it is manageable and can be done in Uk ALONE.
Rememeber this EPS last yr for SGH stock for full yr was nearly 50 cents.
Agreed there is debt to be serviced and all that, But excuse me thsi VA and this equity raisng and administration stuff, who is BS TING whom.
Keep UR cool. Market has thrown the baby with the bathj water for sure.
DoUR own research B4 u make any investment decvision and dont decide because just some one wrote it here.
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