Very True, Many posters are hopeful when it comes to this company turning things around, but EVERYTHING depends in bank agreement within the next 7 weeks. Will this happen, I do not know and I am not sure anyone does, including instos.
Positives are, 1 No banking covenants breached to 31/12 and obviously none in Jan/Feb and the first 10 days of March as no announcement made, which would have to be.
2. This is the end game..no second chances and EY helping with restructure , not just being left to BOD.
Negatives are too many to number but the most concerning to me is no guidance given in H1 , shareholders have no idea to cash flow predictions, positive or negative.
This is a simple investment , upside is there but downside is 0, so take your chances knowing full well what is at stake and may your decision be your own.
Good luck to all
SGH Price at posting:
36.5¢ Sentiment: None Disclosure: Held
