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01/03/16
16:32
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Originally posted by Cato
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Look...
I cant say im right..we never can..
I can say few things,and all them based and common sense
a) the company have work in progress and "some" become cash
b) the company informed the market they will cut costs.
b1) obvious they will cut at limit to make the money IN become bigger than money OUT, correct ?
c) the banks talk about (2017) that means the company have a full year to plan,to adjust,to convert, to leave the days going and dissipate all that
bad environment
d) after some number the company become much more than a bargain... If we convert today all WIP and give goodwill value for a positive cash flow,this is certainly much more than 0.30
e) the sellers are the ones that rush first days,..after some momentum the volume of sell just stop and naturally the price rebound by lack of sellers
I'm in... I cant say if I will make profit or loss..I can say I'm in conscient about the risks,and to me... worth !
Cato (average buying price 0.325,,,stop loss 0.285)
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Steel Nads Cato...
Slater & Gordon has just two months to reach an agreement with its financiers or risk having to repay its entire loan facility of more than $700 million years earlier than expected.
Source: Australian Business Review
Author: Kylar Loussikian
As of 24th FEB Short position was approx 29.5 million shares.
Shorter's might assist with a bit of a blip up as they try to close out their short positions..IMO
http://www.shortman.com.au/stock?q=sgh