more insto sell recommendations, page-3

Don't altogether agree with the ANALysts on this re. the need to raise capital.

They all got burnt by Elmo( as we all did) and now as always, blindly follow each other .... in this case down the negative pathway.


If Sigma can claw back $100 mill as they say they will from their over generous terms to a few favoured clients, this will immediately improve their balances sheet.
Then if they can sell either Arrow of Herron and at the same time suspend dividends for 12 months...that plus other retained profit
.... .....BINGO .... ~$300 Mill jumps in.

If they were to state this as being their strategy, I believe most shareholders would accept a 12 month dividend holiday.

This would be longer term, a better outcome.
Because given Sigmas unloved status right now ,there would be almost zero institutional support for a capital raising.
It would have to be at bargain basement prices, which means a flood of extra script, and the exiting shareholders being disadvantaged even further.

So that's what I hope happens, and I believe the given the circumstances, the market would accept a 12 month dividend suspension, as being a sensible way forward , and the shares would rise in price over the next 12 months in anticipation that dividends were about to resume.

( I might just put this to the board ....... LOL )

As per my previous posts ,I see then as a buy BELOW 50 cents... which is why I now have changed the sentiment from buy to "hold"

Caveat emptor.

Bendigo.