Would you buy a pile of dog sh!t if the cost was a small proportion of your disposable income? If so, I've got the deal for you.
Sure the SP has gone down since then - but that has been 100% out of the control of AG (i.e. no developments released by the company). Since AG purchased, there has been no confirmed changes to the fundamentals of the company, aside from:
- MOJ reforms likely to proceed, but possibly amended slightly/watered down (already priced into SGH)
- Positive development on the escrow claim
I don't mind justified downramping. Fish's concerns about the debt are valid, though I disagree a DFE swap is going to take place. But linking director purchases to SP crash, and I am the blind one?
SGH Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held