Idiotic suggestion Grech must be replaced.
He and Ken have more skin in the company than any other shareholder. Highly impressive executives. Done nothing wrong with an impeccable track record.
Stop all this attack on the company management they have done nothing wrong except to manage successfully a great business which is still great and will be greater.
What has happened is a financial terrorist campaign by illegal gamesters frightening shareholders into selling shares by choking/wrestling the share price down. It pure manipulation. Using algorithmic trading and massive amounts of money.
ASIC can easily investigate this and charge the culprits and the intermediaries they use.
Any stock in this country is vulnerable to this targeted illegal attack.
Grech and Fowlie have provided guidance of $205m for FY16. They have acknowledged the potential UK changes and will we trust they will adapt the model to minimise risk and maximise profits. Last Friday the SP was $3. today it is 69c but nothing has changed with the business.
SP price is the gaming chip for these casino cowboys and yes they have succeeded in that respect but manipulation is illegal.
No bank will pull the pin on SGH unless they are totally stupid and want a zero return. The assets SGH have go up and down in the elevator each day. Its a people business not bricks and mortor.
There are dark forces out there that dont want the company to prove the guidance and we must rise up and put pressure on ASIC to root out these evil scum and have them prosecuted.
No capital raising is necessary, no debt restructuring....nothing its a great business and highly adaptable with excellent management.
DYOR ...
SGH Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
