Liquidity is in fine balance because they had to payout 800 odd employees redundancy payment
@ avg $50k per employee - almost $40mil will be saved in this quarter - redundancies takes 3 months to show on the balance sheet.
The substantial item from last FY results on marketing and new business investment has reduced by a third again - this is almost close to $60m itself
@ 1 bil revenue and 11% NPAT margin - we are well on track to have a 130 mil NPAT yr
For me it was a great AGM - they were humble, acknowledged repeatedly they have made mistakes - did not provide any boisterous projections and took on board all the justified criticism.
I'm of the opinion some small overseas funds will start taking position in SGH soon
SGH Price at posting:
36.0¢ Sentiment: None Disclosure: Held
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