Good on you for having a go to find error:
Alex, let's say the banks best case scenario is to assume SGH can survive this year as pure positive cashflow play.
They get another years interest, probably negotiated at higher rates.
What would the share price be worth say based on 10 times?
- I've never had a small holding, it's a HC glitch that disclosure gets changed, and I've explained this several times. Never retracted my "sell no hold" position.
- market is pricing success at certain level now. If pricing failure: would be 2.4c, just as I said. 27c and 24c are immaterially different unless a day trader
- face value of debt vs. market value debt and what market value equity implies for ratio face/market debt is a fundamental concept applied finance. My comments were 100% accurate, though they may seem gibberish to you.
@Nikec has done a diploma in finance - he'll explain why I'm accurate, if he paid attention his studies. Simply: face value = what's owing. Market value = what debt would trade at secondary.
- I don't own stock but have commented before re short, missing some down, since 4/15
- my link to UK Govt website and commentary on the 18 month accounts posted there is exactly accurate. Quindell accounts there are diabolical, my view, though you may say $340m loss over 18 months prior June 15 only "flesh wound".
But, I'm listening, please point me the good news? I change my view as evidence and facts chance and sometimes learn from HC. I have already changed my view since 29/2 that 70/30 chance going zero to 90/10.