Not sure but I've re-read the December announcement many times.
I don't get it when SGH say they withdraw the guidance. If the guidance is wrong wouldn't they just provide a new guidance. How hard is it to pluck a few numbers from the database when it's a billion dollar business.
Previously I worked in the corporate sector and we had be intern (used to call him shit kicker), management accountant, controller, Finance Director etc etc work on it and I've never heard of guidances being withdrawn.
At this SP, SGH is a buy for me but WTF is withdrawing a guidance; are they saying the previous CFO got it all wrong with the number or are they saying some parts are wrong. If it's only some parts wrong shouldn't they just give give a revised guidance. Courts are normally closed in December (or closed early) too.
I am so keen to buy SGH but still waiting for some Guidance with an announcement (pun intended)
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Not sure but I've re-read the December announcement many times....
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