Is there any real information re this stock lately?
Or is the status summarised as :
- company was meant to reply to banks by 31 March re debt arrangements. They may or may not have, but no one knows.
- a few consultants have been appointed. Inc debt consultant.
- advertising seems to have re commenced.
- news of a UK restructure has been on other forums but no specific updates from company. Note this may be OK as it aligns within previous company announcements.
I really think that the problem with this stock is no one, but no one, can work out what the heck the revenue actually will be. The book ends are widely spaced here. On the one hand a new acquisition in 2015 could take a while to bed in, including case revenue conversion... That could explain a bad 1st half with a much better too follow... On the other hand this could just be a really really bad acquisition, possibly the worst in memorable history.
But at this price ... It worth a look at it now and I think it's got to be better now than when it was say at $3. Atleast you get around 12 times as many shares for your money!
But I also recognise that I could blow the full value of my investment. It's a risk adjusted decision to buy at this price IMO.
SGH Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
