My thinking is that market has shrugged off the numbers .so to say ignored them ....being indifferent .so what sort of attitude as if SGH is still a concern that has no future.
So market is in a prolonged complacency on this one and still pricing SGH for failure or as a specy discounting any possibility of a turnaround.
All this can be very interesting and very positive for SGH longs if tomorrow SGH management can convince the markets that turnaround is in place and SGH will be in the pink of health during current financial year itself. Under that scenario i think a very solid bear trap has been set up.
If this does not happen, then we are back to SGH being in a range and being traded as a specy till things change either way.
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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