SGB st george bank limited

is this a short nc, page-7

  1. Lara
    1,143 Posts.
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    05/03/08
    20:07
    Post #: 3432587
    Man I have been caned on this.
    Looking forward they announced 21 Feb they are on track to increase EPS by 10% (subject to bad debts). In reality their debt with CER is zero - all backed by Shopping centres in AU/NZ.
    That leaves only $85m at risk.
    At current prices they are less than a PE ratio of 10.
    They seem way oversold but its hurting.
    SGB Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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