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54.5¢ sgh limited

Iam afraid this is very bad news, page-92

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jimk3758

23,989 Posts.

83

28/03/16

10:13

Post #: 17367836
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Originally posted by Tumbleroll ↑

The cause of the lower than expected earnings and the reasons the market wasn't about informed about the likelihood of lower than expected earnings in a timely manner are two different things.

It's true - a company can't be expected to always forecast future earnings in an accurate manner. Nonetheless they must update the market when evidence exists that would warrant a change or withdrawal of guidance. Similarly, a company is not permitted to give/reaffirm guidance when it knows (or should know) its unlikely to be achieved.

S+G was either unethical or inept in its behaviour. Either way, I want my money back! Yes I know I probably won't get much back, or maybe even any. But I still want this matter taken to court so management can be pulled over the coals and we can all finally get some answers about why things turned out like they did.

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I could not agree more. There are many questions to be answered by management and they have not been forthcoming with answers. IMO shareholders money has been very much mismanaged. I want to know the details.

SGH Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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